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Latin American Economy & Business - February 2018 (ISSN 1741-7430)
Venezuela: Venezuela announces maxi-devaluation
After holding the official exchange rate known as ‘Dipro’ steady at BsF10:$ for nearly two years, President Nicolás Maduro announced the elimination of this official rate on 31 January. The rate had been essentially reserved for public-sector imports, but the government now plans to use a much weaker rate, the so-called ‘Dicom’, for all foreign-currency transactions. The move is likely to fan the flames of already-rampant inflation and, coupled with an ongoing slide in oil production, will do little to address the critical problems facing the economy this year.
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- El Salvador: Assessing the economic impact of TPS termination
- Argentina: Macri working out the structural reform jigsaw puzzle
- Colombia: Modestly positive outlook for 2018
- Honduras: The economy under Hernández (again)
- Brazil: Relax about now, worry about then
- Mexico: Nafta guessing game continues
- Mexico: Mexican economy bounces back firmly in Q4
- Ecuador: Ecuador returns to international capital markets
- Venezuela: Venezuela announces maxi-devaluation
- Nicaragua: An oasis of stability in a turbulent region
- Mexico Mexican wrestling gets ready to compete
- Mexico: Getting ready for carbon trading
- Mexico: Successful deepwater auction
- Uruguay: Unhappy farmers take action
- Peru: Potato troubles
- Region: Corporate Radar