Bolivia chose to market its Gold reserves abroad as a strategy to obtain liquidity and guarantee imports of Fuelswhich are sold at subsidized prices in the domestic market. This decision is made in the middle of a serious economic crisis, as reported by the Ministry of Economy. The fall in gas exports has decreased the […]
Tag: central bank
Bitel will take digital money pilot to eight regions
As he anticipated The Republic Last April, the Central Reserve Bank of Peru (BCRP) completed its selection process for the operator of the CBDC pilot, the first sovereign digital money project in Peru, whose ultimate goal is to democratize digital payments in our country, without the need for the user to be connected to the […]
BCRP and Fed rate cuts are still uncertain
Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]
Remittances: Peruvians received US$296 million more than two years ago
Between January and March of this year, the sending of remittances from abroad to Peru reached US$1,193 million, according to the Central Reserve Bank of Peru (BCRP). Compared to the first quarter of 2023, there is an increase of US$198 million and US$296 if we compare it with 2022. To date, remittances are equivalent to […]
Better not to get into debt: banking continues to raise interest rates for mypes and consumption
The weak recovery of the economy, as well as income, generates enormous concern in Peruvian households. To face medium, long and even short-term expenses, an option at hand will always be credit. However, if a person currently requests a consumer loan for S/10,000 for 12 months, they have to assume a TCEA – which includes […]
Economic rebound: BBVA predicts that the Peruvian GDP will grow 2.7% in 2024
The relative political and social stability, as well as the dissipation of weather anomalies, which so far have not had a significant impact on economic activity, caused BBVA Research to raise its forecast for the year from 2.0% to 2.7%. growth of the gross domestic product (GDP) for this year. Francisco Grippa, Principal Economist of […]
Argentina places debt in the local market for US$ 604 million
Argentina placed this Tuesday in the domestic market bonds of the Treasure in Argentine currency for a total effective value of 500,000 million pesos (about US$604.7 million), official sources reported. In this Tuesday’s operation, the last of this year and the second that the Treasury has carried out since the ultraliberal economist Javier Milei assumed […]
Distrust sinks private investment: it will fall 7.3%
In 2022, private investment contracted 0.4% despite the country’s limited growth. A year later, after the political turn of the Government of Dina Boluarte, who from her first day distanced herself from her predecessor Pedro Castillo, private investment has not managed to recover and will fall 7.3% in a period marked by recession, according to […]
Will Luis Caputo, the “Messi” of finance, be able to combat Argentine inflation?
Luis Caputoin charge of solving the worst economic crisis in Argentina In decades, he was once nicknamed “Messi” for his financial ability in giants like JP Morgan and Deutsche Bank. Now he faces the challenge of recovering the country’s economy, a goal that is comparable to a World Cup. Caputo, 58, former finance minister and […]
Javier Milei did not completely rule out the dollarization of Argentina, according to the union of global banks
The liberal proposals of the next president of Argentina, Javier Mileithey go down well IMF and excite investors; However, there are experts who believe that we must “be cautious,” since the new president did not completely rule out the dollarization of the economy. In an interview with EFE, the head of Research at the Institute […]