FOREIGN CURRENCY
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Cryptocurrencies, Uncertainty and Expectations
Jun-17-21 | Following the approval of the legal framework that recognizes Bitcoin as a legal tender in El Salvador, one out of two local businessmen are concerned that the circulation of the cryptocurrency is mandatory and one out of three are distrustful of this change in the laws.
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Cryptocurrency Use: CABEI to Advise El Salvador
Jun-15-21 | In order to assess risks, verify regulation and other issues, the Central American Bank for Economic Integration will provide the Salvadoran government with advice on the implementation of the new cryptocurrency scheme, called Bitcoin.
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Cryptocurrencies are Illegal in Guatemala
Feb-22-21 | After multiple consultations, the Superintendency of Banks announced that virtual currencies or assets such as Bitcoin, Ethereum, Ripple and other similar ones, are not legal tender in the country.
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Copa Airlines Suffers From Argentine Peso Debacle
Dec-3-15 | The stock price of Copa Holdings has fallen and at the same time the airline has stopped accepting Argentina's currency for ticket sales.
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Costa Rica: Reserve for Dollar Deposits
Feb-3-15 | Bankers say that the cost of financing in US currency will increase because of the application of a legal reserve limit on deposits taken from abroad for periods of over one year.
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Costa Rica: Government Raises More Dollars
Dec-2-13 | The need for dollars has led the Ministry of Finance to buy $259 million in the local market in just two months.
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Costa Rica: Projected Increase in Interest Rates in Dollars
Jun-7-13 | The banking system's need to raise money in foreign currency and other internal factors are pushing rates upward.
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Costa Rica: Dollar Loans Up 25%
Jan-7-13 | The amount of loans in dollars taken granted by state commercial banks grew disproportionately with respect to loans in local currency and dollar loans from private banks.
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Financial Transactions in Foreign Currencies
Aug-24-12 | The government of Panama is investigating in conjunction with the banking sector and representatives of the European Union how to facilitate financial transactions with the Euro and other foreign currencies.
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Legal Tender in Honduras: Canadian Dollar and Yuan
Apr-13-12 | The Central Bank of Honduras said the Canadian dollar and the yuan, have been added to the list of currencies that can be deposited in foreign currency accounts.