The authorities of Hong Kong, China, presented the prototype of what will be its digital currency issued by the central bank (CBDC).
This project is called "Project Aurum", which includes a two-tier platform with a wholesale interbank and a retail electronic wallet system, according to part of the…
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economy
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…
Paraguay raises electricity rates for mining
The National Electricity Administration (ANDE) of Paraguay announced an increase in the rates of the "special intensive consumption group", where cryptocurrency mining stands out.
Decree 7,824, with resolution 46,984, establishes that…
The US announced the release of 15 million barrels of oil
The President of the United States, Joe Biden, announced that the Department of Energy will release this Wednesday 15 million barrels from the country's Strategic Petroleum Reserve (SPR) with the aim of being delivered in December.
Biden…
Inflation in Europe reached 9.9 %
The year-on-year inflation rate in the euro area stood at 9.9 % last September, which marks a new historical record and represents an acceleration of eight tenths compared to that registered in August, although it is one tenth below the…
The bolivar has suffered a devaluation of 44 %
Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %.
The US currency, on the other hand, has shot up in the market, leading to a 3 %…
China postponed publication of its GDP
The National Statistics Office of China confirmed that it postponed the publication of the figures of the Gross Domestic Product (GDP) of the Asian giant corresponding to the third quarter of the year, scheduled for this Tuesday, coinciding…
Mastercard will offer solutions to banks for cryptocurrencies
The Mastercard company announced that it is going to make it easier for banks to adopt cryptocurrencies, through an alliance with the Paxos company.
This union will allow banking institutions to offer payments with cryptocurrencies in the…
Brazil has shown three months of deflation
The National Consumer Price Index of Brazil registered in September a monthly setback of 0.29 %, being the third consecutive month in which prices contract in the largest Latin American economy, according to data published by the Brazilian…
China reserves fell in September 2022
It is estimated that China's reserves had a decrease of 0.85% in the period September 2021 and September 2022, standing at 3,092 billion dollars as reported by the State Administration of Foreign Exchange (SAFE).
The reduction, compared to…
The World Bank assures that the Latin American economy will grow by 3 %
The World Bank estimates that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 3 % in 2022, a rate higher than expected due to the increase in the prices of raw materials.
However, the agency estimates that…
Barrel of oil stands at 91 dollars
The price of a barrel of Brent oil, a benchmark for Europe, exceeded the quota of 91 dollars before the opening of the markets of the Old Continent with an eye on the meeting to be held this week in Vienna by the representatives of the…