DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Venezuelan bolivar - 1 bolivar - 1 Nicolas Maduro - 1 Maduro's - 1 Sintesis - 1 Maduro - 1 Mayela Armas - 1 Carolina Pulice - 1
Top related locs:
CARACAS Venezuelan U.S Chevron
Top related orgs:
U.S . - 1 Thomson - 1

Search resuls for: "Venezuelan bolivar"


3 mentions found


☆ Venezuela's bolivar weakens against the U.S. dollar as inflation rages
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +1 min
CARACAS, Aug 3 (Reuters) - The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world's highest inflation rates. Over the past seven months, the bolivar has depreciated by a third compared with the U.S. dollar, according to analysts consulted by Reuters. They have also tried to make foreign currency more readily available to local banks, but the strategies have not tamed the country's galloping inflation rate. Since early this year, the central bank has offered local banks about $1 billion, according to local firm Sintesis Financieras. Meanwhile, U.S.-based oil major Chevron (CVX.N), which operates in the country, has posted foreign currency sales of around $400 million from February to July.
Persons: Venezuelan bolivar, bolivar, Nicolas Maduro, Maduro's, Sintesis, Maduro, Mayela Armas, Carolina Pulice, David Alire Garcia, Leslie Adler Organizations: U.S ., Reuters, Thomson Locations: CARACAS, Venezuelan, U.S, Chevron
☆ Egypt's pound is among the worst performing currencies in 2023. And it's expected to plummet further
  + stars: | 2023-04-05 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
A photo of one hundred Egyptian pound, one hundred U.S. dollars against the pyramids of Giza in Egypt on January 17, 2023. Fadel Dawod | Getty ImagesThe Egyptian pound has plunged almost 20% against the greenback since the start of the year — with some analysts predicting that the currency may still have room to plummet further. Egypt's pound currently ranks as the sixth worst performing currency since Jan. 1, extending a decline that saw it lose more than half its value during 2022. Egypt's embattled economyHowever, the economic woes plaguing the Middle East's most populous country means its pound still has a way to plummet, according to the experts. He expects Egypt's inflation to peak at around 36% in the third quarter, if there are no more devaluations.
☆ Venezuelans say credit cards that were once lifeline now 'useless'
  + stars: | 2023-02-13 | by ( Mayela Armas | ) www.reuters.com   time to read: +4 min
"They are useless," administrator Lina Pereira, from the central city of Valencia, said of her two credit cards, which both have low limits. "My parents bought appliances and computers with their credit cards, but that's a memory for Venezuelans." As incomes have fallen and living costs have grown, credit cards have become vital for many people to make everyday purchases in supermarkets and pharmacies, even as credit limits stagnate and some banks eliminate the cards altogether. In 2012 that figure was 12% in Venezuela, while in countries like the Dominican Republic and Bolivia credit cards currently account for 5% of banks' credit portfolios, according to those country's regulators. "With the limit on cards you can't even pay for lunch," said Gregorio Afonso, a 53-year-old university professor who has two local credit cards and an income of $20 monthly.
0 next >>
Total: 3