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 economist Benjamin Tripier.
In his opinion, the Venezuelan…
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inflation
Economic activity in Venezuela fell 2.2 %
The Venezuelan Finance Observatory reported that "economic activity in Venezuela fell 2.2 % in the second quarter of 2021", registering a total of 25 consecutive quarters in the fall in the economic activity index. However, the reported…
Germany registers a slight increase in inflation
Year-on-year inflation in the leading power in the euro zone rose to 3.9 % in August. This was reported by the German Federal Statistical Office (Destatis). This is the highest number recorded by this nation in the last 28 years. In…
Venezuelan airline will accept Bitcoin as a means of payment
The Venezuelan airline Turpial Airlines reported, through an account on the social network Instagram, that it will admit new payment methods and customers will be able to cancel their internal travel tickets with Bitcoin, Paypal and Zelle.…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…
Cryptocurrencies could control inflation in Argentina
The president of Argentina, Alberto Fernández, spoke through an interview about the benefits of cryptocurrencies, and how they could positively affect the local economy.
According to the national president, the use of digital assets could…
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.…
The Federal Reserve kicked off its monetary policy meeting
The Central Bank of the United States (Fed) is addressing, from this Tuesday, July 27, the monetary policy of the nation and where it is expected that they will analyze inflation and the risks that repesents the Delta variant of the…
Bank of Mexico increases interest rates to 4.25 %
Most of the members of the Governing Board of Bank of Mexico(Banxico) resolved to increase interest rates by 25 basis points, to stand at 4.25 %.
With this decision, the financial entity aspires to slow down inflation, which stood at 6.02…
Inflation in Argentina continues to slow down
Inflation in Argentina in May advanced by 3.3 % compared to April, slowing down by 0.8 points compared to April and standing at 21.5 % so far this year, according to data released this Wednesday by the National Institute of Statistics and…
JPMorgan has large amounts of cash accumulated
The CEO of JPMorgan Chase, Jamie Dimon indicated that the institution is accumulating large amounts of cash to prepare for a possible rise in inflation.
The main objective of the largest bank in the United States is to be able to benefit…
Inflation in Venezuela advances 19.6 % in May
Inflation in Venezuela stood at 19.6 % in May, accumulating a level of 2,950 % in the accumulated period of twelve months and 307.3 % so far this year, as reported this Wednesday by the Venezuelan Observatory of Finance.
The coordinator of…