The Superintendence of Banking, Insurance and AFP (SBS) approved the new management regulation of Credit exchange risk (RCC) using SBS resolution No. 00774-2025. This risk affects debtors who have income in soles and debts in dollars, whose repayment is affected if the exchange rate is increased. It is a measure for financial institutions to be […]
Tag: Dollars
The Bolivia government sells its gold reserves to import fuel and maintain subsidies in the shortage of dollars in 2025
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 […]
YAPE allows users to send free remittances: receive money from the United States or Europe without commissions
The mobile application of the BCP collaborates with various foreign agencies and remittances to facilitate the reception of money in soles or dollars to Peruvian users. YAPEthe application of the Bank of Credit of Peru (BCP), facilitates its users to receive Remittances without commissions for the money that comes from abroad. In addition, it provides […]
US labor market surprises on the downside, unemployment rate rises to 4.3%
The US Bureau of Labor Statistics published its July employment situation report, reporting a two-tenths increase in the unemployment rate, which now stands at 4.3%, and recording an addition of 114,000 new jobs in non-agricultural payrolls, a figure significantly lower than the average for the last 12 months (215,000), which was accompanied by a downward […]
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 […]
This is the type of savings that is growing the most in Peru, according to the BCRP: it allows you to have your money immediately
The liquidity of the financial system remains at comfortable levels, especially in national currency, thanks to a constant growth in deposits and a low rate of loans, according to the Central Reserve Bank of Peru (BCRP). This means that there is enough money available in the financial system to meet the needs of loans and […]
Bolivia faces blockades due to a shortage of dollars that the government denies
This Monday, international cargo carriers and merchants blocked several roads that connect with trucks with trucks Peru and Chili, to report a dollar shortage which the government denies. “Today we begin our mobilizations, for now it is 24 hours, but it can be indefinite with border closures“Warned Jorge Gutiérrez, from the Chamber of International Transportation […]
Bolivians run out of dollars: citizens buy greenbacks at a high price
Bolivia is once again facing a crisis that is likely to intensify in the coming months. Although in recent years the South American country has experienced notable development thanks to its reforms and the discovery of precious minerals in the area, such as lithium; With the passage of time, more solid development has not been […]
Dollars, euros, pesos and MLC: the puzzle of currencies in Cuba
What can I pay with here?” This is the question that Cubans ask themselves when they enter a storea restaurant or a gas station, on an island where four currencies and multiple exchange rates coexist. “That is tortuous, where am I going to buy, how is the exchange rate, if it is convenient for me […]
Mauricio Sánchez, head of Plin, on the future of the ‘plineo’ in dollars: “It is always a possibility”
Plin is a mobile application developed in Peru, which allows you to make money transfers quickly and securely between different banks, such as BBVA, Scotiabank and Interbank. It is one of the most used digital wallets in the country, with millions of users who ‘line’ all hours of the day. Bringing innovation to the banking […]