The European Central Bank (ECB) announced a half percentage point increase in the interest rate, raising it from 2.5 % to 3.0 % on average for deposit returns.
In a press release, the ECB explained that the increase will be reflected in the three official interest rates, with effect from March 22,…
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economy
Uruguay will host a forum on renewable energy this year
The general director of the International Renewable Energy Agency (IRENA), Francesco La Camera, reported that the first Latin American Investment Forum in renewable energy will take place in Uruguay on November 9 and 10 of this year.
The…
Central Bank of Bolivia sells dollars to curb speculation
The Central Bank of Bolivia (BCB) began selling dollars to the public to meet an unusual demand for the US currency, which authorities say is due to speculation about the country's economic situation.
The president of the BCB, Edwin Rojas,…
Inflation in Brazil fell one tenth in February
The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE).
Thus, Brazilian…
Chevron’s contribution to crude oil production in Venezuela is 87 thousand bpd
The expert on the oil issue Rafael Quiroz has indicated that the contribution of the Chevron company to oil production in Venezuela amounts to 87,000 barrels per day.
The economist pointed out on Tuesday that, despite this figure, the US…
The US economy grew “slightly” in early 2023
The Beige Book of the US Federal Reserve (Fed), a document that provides a detailed assessment of the economy by the 12 US regional central banks, indicated that the country grew "slightly" at the beginning of the year.
"Economic activity…
Binance.US will finally be able to acquire Voyager Digital
After a lengthy legal dispute, Binance.US won the right to acquire Voyager Digital's assets, despite opposition from the United States Securities and Exchange Commission (SEC).
According to reports from Bloomberg and the media…
Nayib Bukele affirms that Bitcoin boosted tourism 95 % in the country
In a recent interview in "Tucker Carlson Today", Nayib Bukele, president of El Salvador, indicated that among the benefits of adopting Bitcoin as legal tender in 2021 is the increase in national tourism.
According to Bukele, this sector…
79th Annual Assembly of Fedecámaras will be in Maracaibo
The president of Fedecámaras, Carlos Fernández, indicated at a press conference on March 1st that the organization's 79th Annual Assembly will be held from July 20 to 23 in the city of Maracaibo, Zulia state.
The participants will analyze…
CAF and ECLAC seek to strengthen the Latin American economy
The Development Bank of Latin America (CAF) and the United Nations Economic Commission for Latin America and the Caribbean (Cepal) signed a Memorandum of Understanding with the aim of strengthening cooperation between both organizations and…
IGTF will exempt cryptocurrency operations
Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large…
South Dakota will treat CBDCs as money
The Senate of South Dakota, a state located in the Midwestern United States, recently passed a law that establishes that digital currencies issued by central banks, known as CBDCs, will be considered as legal money in the state. However,…