The price of the euro against the dollar continues to weaken, and is increasingly closer to parity with the American currency, something that has not happened since 2002, given the growing fears that the eurozone will enter a recession dragged down by the consequences of the war in Ukraine.
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US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…
Crypto market loses 200 billion dollars in one day
The crypto market is again affected by panic and the first cryptocurrencies lost more than 200,000 million dollars in a single day, in addition to the falls in the main Wall Street indices, where sales have been imposed in recent days.…
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
Banks of the world increase their gold reserves
The central banks of the world are increasing their gold reserves, and at the same time lowering the amount of dollars in recent decades.
Recent data from the World Gold Council reveals that gold reserves in 2021 reached their highest…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
The conversion makes the dollar official national currency
The monetary reconversion that came into effect as of today, "will not put a brake on inflation, because the bolivar does not have a way to maintain its value, causing the dollar to become the currency of daily use." This was stated by the…
Focus Economics estimates that inflation will close the year at 1,549 %
Asdrúbal Oliveros released, this August 10, a video on his social networks, explaining the perspectives of the consulting firm Focus Economics on the dynamics of the Venezuelan economy for the last months of 2021 and for the next year 2022.…
BCV announces new currency reconversion in Venezuela
The Central Bank of Venezuela (BCV) announced that as of October 1st, the Bolívar Digital will come into effect in Venezuela, which implies a monetary reconversion.
The Venezuelan agency detailed through a statement that the new monetary…
Nayib Bukele will give away $ 30 in Bitcoin for using the Chivo App
Nayib Bukete, President of the Republic of El Salvador, announced that his government created its own wallet, called Chivo, to make transactions with Bitcoin. It will be "like carrying a wallet, but on the phone", as a result of the law…