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Venezuelan Defense Minister, Vladimir Padrino López, has drawn attention to the increased military presence of the U.S. Southern Command in areas close to Venezuela. He associates this increase with perceived escalations in opposition towards Venezuela, including economic and media criticism. “Simultaneously with the increase in pressure on Venezuela, we are noticing a rise in the […]
From January to May 2023, Peru reported total exports worth US$25.918 billion, with May’s contribution being US$5.046 billion, according to the Peruvian Central Bank of Reserves (BCRP). The reported export value comprised both traditional exports (US$18.409 billion) and non-traditional exports (US$7.412 billion). On the import side, the total for the same period stood at UIS$19.857 […]
Brazil’s foreign reserves have hit a five-year peak, reaching $372 billion by the end of September 2024. This marks a significant increase from $355 billion in December 2023. The growth stems from various factors, including asset appreciation and interest income. The Central Bank of Brazil reports three main drivers behind this surge. First, asset price […]
In the first half of 2023, Honduras received US$4.509 billion in remittances, marking a 7.3% rise compared to the same period in 2022, as per data from the Central Bank of Honduras (BCH). This amount surpasses the previous year’s $4.200 billion by US$309.1 million. About 72.8% of Hondurans abroad contribute an average monthly remittance of […]