Friday, 4 December 2020
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Drug Trafficking and Money Laundering Fuel Venezuela’s Dollarization

Much of the dollars now circulating in Venezuela allegedly come from money laundering and drug trafficking. ndrea Rondon: “When the state is the trafficker, the dollar injections are much wider because it doesn’t have the natural obstacles” (Andina) A study carried out by Ecoanalítica and published...

Dollar Loans Getting More Expensive

(QCOSTARICA) Concerned about the risks involved with the high degree of dollarization of loans in the financial system, the Banco Central de Costa Rica (BCCR) - Central Bank - is looking to implement a plan that would have banks requiring authorization in order...

Costa Rica Should Move Towards De-dollarization of the Economy, Central Bank President

QCOSTARICA - The president of the Central Bank of Costa Rica (Banco Central de Costa Rica - BCCR), Olivier Castro considers it a priority goal to de-dollarize the economy. Castro this week at a press conference expressed concern about the dollarization of credit of those...

Costa Rica Central Bank Move Likely to Curb Dollar Loans

COSTA RICA NEWS (Fitch Ratings, Feb. 12) - The move by Costa Rica's central bank to adopt a managed floating foreign exchange rate regime along with the Superintendence of Financial Entities' (SUGEF) efforts to curb high dollarization in the banking system are likely to...

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