Experts cited by the Inter-American Dialogue Migration and Remittances Program Data Program predict a boom in digital wallets in Venezuela thanks to the increase in remittances from the United States.
The reduction in the exchange rate disparity between the US dollar and the bolivar, Venezuela's…
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US Dollar
US dollar faces restrictions on the international stage
More than a dozen countries worldwide have decided to restrict or completely prohibit transactions in US dollars as a protest against its hegemony in the commercial sector.
The US currency faces various initiatives, such as the BRICS…
Brazilian president predicts end of US dollar hegemony
Brazilian President Luiz Inácio Lula da Silva stated on Monday, July 7, in Rio de Janeiro, during the BRICS summit, that the US dollar's hegemony will disappear.
Lula asserted that "the US dollar will cease to be the reference currency in…
The US dollar is the official currency in Ecuador
At the end of last week, Ecuadorian President Daniel Noboa announced Executive Decree 565, which officially establishes the US dollar as the official currency.
Noboa ratified the measure through the presidential digital portal during an…
El Salvador abandons Bitcoin and returns to an economy based on the US dollar
The president of El Salvador, Nayib Bukele, announced at the end of last December the end of the use of Bitcoin as official currency. The measure was imposed by the International Monetary Fund after reaching an agreement to grant the…
Transactions in bolivars exceed 75 % in Venezuela
Recent data from Ecoanalítica show that more than 75 % of transactions in Venezuela are made in bolivars.
The partner director of the survey, Asdrúbal Oliveros, revealed these data in a graph that summarizes the payment ecosystem in the…
Algeria was admitted to the New BRICS Development Bank
Recent data from the local Ministry of Finance highlights Algeria's accession to the New Development Bank (NBD) of the BRICS, an entity that seeks to distribute resources to finance plans in emerging markets and developing countries.…
Russia works on two crypto exchanges and stablecoins linked to the Chinese yuan
Reports linked to the BRICS group suggest that Russia would be working on two crypto exchanges and stablecoins linked to the Chinese yuan as new payment systems on the path towards the de-dollarization of its economies.
Reports have…
BRICS payment system will be adopted by 160 countries
The BRICS group is ready to launch its own payment system, which will be called Brics Pay and which, according to recent data, would be adopted by 160 countries.
The group, made up of Brazil, Russia, India, China and South Africa, has a…
El Salvador proposed using Bitcoin for trade with Russia
El Salvador has proposed using Bitcoin in commercial transactions with Russia because the official currency of the Central American nation is the US dollar, which makes settlements between both nations difficult.
The proposal was confirmed…
BCV: Venezuela registered an inflation of 4.1 % in the first quarter of 2024
Venezuela registered an accumulated inflation of 4.1 % in the first quarter of the year, after adding 1.2 % in March, the same as in February and 1.7 % in January, reported the Central Bank (BCV).
The 1.2 % rate is the lowest the nation…
The BRICS approve the entry of new members
This Thursday, during the BRICS meeting in South Africa on the occasion of the group's fifteenth summit, the entry of new members was announced: Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia.
The extension of the…