The Central Bank (BC) of Brazil announced on Monday (August 7, 2023) that the name of the new digital currency (CBDC) will be “Drex.” According to the monetary authority, the “d” and “r” refer to the digital real, the “e” stands for “electronic,” and the “x” aims to convey a sense of modernity and connection. […]
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European Parliament is waking up to the fact that Latin America relations better be top priority
(Opinion) Multiple Members of the European Parliament (MEPs) are advocating for an emphasis on Latin America and the Caribbean in EU’s foreign policy, following a period where the region did not appear as a top priority. A summit between the EU and the Community of Latin American and Caribbean States (CELAC) is scheduled for July […]
Emergency Aid Sought by Brazil’s Cotton Farmers
Cotton farmers are gearing up to submit a proposal for emergency support to the federal government soon. This move came from a special session of the Cotton Sectoral Chamber last Thursday. Led by the Brazilian Cotton Producers Association (Abrapa), the initiative seeks to lessen the blow of recent crop failures due to harsh weather, notably […]