In the midst of a challenging economic context characterized by inflation, Venezuelan citizens seek smart strategies to preserve their purchasing power and guarantee financial stability. In this scenario, savings tactics and the adoption of measures to confront economic uncertainty become crucial.…
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economy
Cryptocurrency remittances in El Salvador have fallen by 33 %
The Central Reserve Bank (BCR) reports that El Salvador experienced a 33 % decrease in the receipt of remittances through cryptocurrency wallets from January to October 2023 compared to the same period of the previous year.
During the…
Maduro and Petro discussed security, binational business and migration in Caracas
The president of Colombia, Gustavo Petro, made a new visit to Venezuela this Saturday, November 18, to meet with his counterpart, President Nicolás Maduro.
Maduro and Petro addressed issues of migration, energy transition and climate…
Russia and Iran analyzed BRICS activity
The activity of the alternative group of BRICS (Brazil, Russia, India, China and South Africa) was analyzed this Wednesday in a meeting in Tehran, Iran, between Iran's Deputy Foreign Minister for Economic Diplomacy, Mehdi Safari, and the…
Banco do Brasil reported profits of USD 5.3 billion until September
Banco do Brasil, the country's second-largest financial institution, achieved profits of USD 5.3 billion in September, which represents 14 % more than the same period in 2022.
According to the data presented in the quarterly report, the…
Inflation in Venezuela climbs to 6.7 % monthly but year-on-year falls to 362 %
The National Consumer Price Index (INPC) of Venezuela registered a slight increase in October of seven tenths, reaching 6.7 % monthly, while the year-on-year figure fell to 362 %, compared to the year-on-year inflation of 396 % registered…
Electronic commerce represents an economic engine for Venezuela
The president of the Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, has shared his vision about the transformative role of this sector in Venezuela. In his opinion, this modality has given Venezuelans the opportunity to…
Exports between Venezuela and Colombia increased 67 %
The Venezuelan-Colombian Economic Integration Chamber (Cavecol) published data on exports between both nations, highlighting an increase of 67 % in the period from January to June 2023.
According to this figure, between Venezuela and…
The Fed stated that controlling inflation “will take time”
The President of the United States Federal Reserve (Fed), Jerome Powell, warned of the risks to the economy in the event of falling short or exceeding interest rates, while warning that the path to returning inflation to the 2 % target will…
Inflation in El Salvador remains above 3 %
The Central Reserve Bank (BCTR) of El Salvador revealed data on the country's interannual inflation rate, which remains above 3 % for the fourth consecutive month.
According to the regulatory body of the Central American country, in…
China inaugurated the first industrial park dedicated to the digital yuan
In a significant development, China opened a pioneering industrial park aimed at developing the digital yuan ecosystem, which is also known as the central bank digital currency (CBDC), according to Chinese press reports.
This innovative…
Parallel dollar in Argentina exceeded 1,000 pesos per unit
In an unprecedented milestone, the parallel dollar, known as the "blue", reached a new record in Argentina on October 10, surpassing the mark of 1,000 pesos per unit. This escalation represents a gap of 190% compared to the official…