On October 4, the various dollar quotes that coexist in Argentina reached historical records. In particular, the parallel or "blue" dollar, which savers turn to due to restrictions on acquiring foreign currency in the official market, reached 840 pesos per unit just over two weeks before the…
Read More...
Browsing Tag
dollar
Inflation in Argentina reached 6.3 % in July
Inflation in Argentina registered an increase of 6.3 % in July, accumulating a total of 60.2 % since January, a figure that positions it among the highest in the world, according to the report of the official Institute of statistics Indec.…
Latin America at the forefront of CBDC adoption
Latin American and Caribbean countries are directing their economies towards the adoption of cryptocurrencies and CBDC, as an escape route from international sanctions, inflation, the devaluation of their official currency, among other…
Devaluation of the bolivar against the dollar in the first semester was 37.34 %
The rise of the US dollar in Venezuela only accentuates the devaluation of the bolivar, the local currency, which has lost 37.34 % of its value between January and June.
On Friday, the official dollar rate, according to the Central Bank of…
Devaluation of the bolivar promotes payment alternatives in the commercial sector
The devaluation of the bolivar, the legal tender in Venezuela, has boosted creativity among the merchants of the Monseñor José Vicente de Unda municipality, Portuguesa state, who have adopted coffee as their local currency.
In an interview…
Argentina will allow payment of imports in yuan
The Minister of Economy of Argentina, Sergio Massa, reported the activation of the swap with China, through which the payment of imports from the Asian giant in yuan will be allowed to face the challenge of maintaining the level of…
Venezuela and Russia analyze creating an alternative financial system Swift
The Venezuelan Foreign Minister, Yván Gil, reported on Tuesday that they are working together with the Russian central bank to create an alternative financial system for international payments.
According to Gil, the objective is to find an…
President of Bolivia promotes the reactivation of Unasur and proposes a common currency
The president of Bolivia, Luis Arce, urges the reactivation of the Union of South American Nations (Unasur) through the creation of a common currency as an alternative to the dollar to promote regional trade.
In a video released on his…
Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar
Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an "Asian Monetary Fund" as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with…
Fed will try to keep the dollar liquid
The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe.
The plan will use currency swap lines between central banks to…
The yen continues to slide
The exchange rate of the yen against the dollar fell this Friday to its lowest level in the last 32 years due to the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates, which fuels speculation on…
CBV applies strategies to stop the rise of the dollar
The Central Bank of Venezuela (BCV in Spanish) is working on applying measures that seek to prevent the escalation of the dollar against the bolivar.
The board of directors of the Venezuelan institution wants to avoid a greater impact on…