Michel López, a 41-year-old Cuban businessman, spent the night on a sidewalk in Old Havana lining up to buy an inexpensive package of chicken that could feed his family for several days. His life would be easier if he earned in dollars. Cubans with access to hard currency, through tourism or remittances, can buy everything […]
Tag: Dollars
What is the SWIFT system and why is it the economic weapon to stop Russia?
The conflict between Russia and Ukraine has escalated to the highest in recent days, after the Slavic invasion last Thursday, February 24. After that, the United States has again proposed the withdrawal of Russia from the international financial system (SWIFT) in his eagerness to persuade the Russian president, Vladimir Putinnot to continue the aggression on […]
Asbanc: more than 900,000 transactions were made through digital wallets in November
More than 960,000 transactions in markets through digital wallets nationwide were carried out until the end of November 2021. The amount of transfers exceeded S / 49 million, according to the latest report on Digital Payments and Financial Inclusion in municipalities prepared by the Association of Banks of Peru (Asbanc). Thus, most of the operations […]
EsSalud: public and private entities owe more than S / 5,000 million
The debts that different public and private entities have with the Social Health Security (EsSalud) amount to S / 5,159 million. This amount is equivalent to approximately 40% of the institution’s budget for this year. Only the private sector owes more than S / 3,212 million to EsSalud. On the other hand, the public sector […]
Argentines seek dollars before more bets on a devaluation
Argentine investors are becoming increasingly pessimistic about the peso, betting that the government will inevitably be forced to accelerate the devaluation after the November elections. The growing demand for foreign exchange meant that dollars now cost 196 pesos in the parallel market used to evade exchange controls, almost double the official rate. It is the […]