Venezuela's economic situation, marked by inflation, has driven the increase in the sending of remittances in cryptocurrencies to the country.
Another of the compelling reasons for a rebound in this alternative is the difficult access to foreign currencies, especially the dollar.
Crypto…
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economic crisis
IMF predicts a contraction in Latin America’s GDP
Argentina’s economic crisis, which will contract by 2.8% in 2024, has led the International Monetary Fund (IMF) to cut Latin America and the Caribbean’s growth forecast for this year by 0.4 percentage points, to 1.9%.
This is indicated by…
Milei could change the conditions of the “emergency”
The Argentine executive, under the administration of Javier Milei, revised the proposal of the so-called 'omnibus law', contemplating the possibility of shortening the initial emergency period. At the opening of the debate on this…
Cuba to promote an economic stabilization program to overcome the crisis
Within the framework of the 7th plenary session of the Central Committee of the Communist Party of Cuba (PCC), concluded this Saturday in Havana, an ambitious macroeconomic stabilization program has been discussed and evaluated. This…
Argentine government devalued the currency by 50 %
In a drastic economic turnaround, last Tuesday, the government headed by Javier Milei devalued the national currency by more than 50 %, setting the official exchange rate at 800 pesos to the dollar, compared to 391 at the close of the…
Inflation continues to rise in Venezuela
As a result of the constant increase in the prices of goods and services, Venezuela could reach an inflation rate of 300 %.
Economists point out that the injection of millions of dollars into the banking sector by the Central Bank of…
Latin America and the Caribbean, the regions most exposed to a recession in the United States
The Latin American and Caribbean regions are the most susceptible to a possible recession in the US economy, according to the report 'The vulnerabilities of Latin America and the Caribbean in the face of a US recession.' published by Fitch…
UK business failures on the rise
The most recent report from the UK Office for National Statistics puts the number of companies that have filed for bankruptcy between April and June at 5,629. The figure far exceeds that recorded for the same quarter between 2015 and 2019,…
The opening of casinos is a good sign for private sector
The economist and university professor, Luis Oliveros, commented that the reopening of the casinos occurs because "there is a need for money " in the country and not because the country's economic situation is improving.
"These casinos…
Fed will resume its audience listening events
The United States Federal Reserve (Fed) announced that during 2021 it will resume its listening events, called 'Fed Listens', with the aim of getting first-hand information about the economic recovery after the crisis caused by the pandemic…