Aperçus d'Amérique latine: La Bolivie envisage le yuan chinois pour les règlements commerciaux, Steve Hanke propose une solution en 30 jours pour l'inflation vénézuélienne

Bienvenue sur Latam Insights, un recueil des actualités les plus pertinentes en matière de cryptographie et de développement économique en Amérique latine au cours de la semaine dernière. Dans ce problème, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 jours.

Contenu

Bolivia Mulls Using Chinese Yuan in International Trade Settlements

The government of Bolivia has announced it is considering the usage of the Chinese yuan as a replacement for the US dollar for international trade settlements. The Bolivian President Luis Arce instructed the central bank to research if the recent advancement regarding the use of the Chinese currency in Brazil and Argentina could be also be applied in Bolivia’s case.

In a meeting with Bolivian journalists, Arce déclaré:

In the world, there are several countries that are going through illiquidity of dollars, to such an extent, what Argentina, Brésil, France, and the Arab countries are doing is no less. What are they doing? They decide not to trade in dollars.

Bolivia recently passed a law to sell half of its gold reserves for dollars to give a solution to its dollar liquidity issues.

Inflation Reaches 108.8% Year Over Year in Argentina

The National Statistics Institute of Argentina (INDEC) has delivered the price data corresponding to April, registering an inflation increase of 108.8% year over year. The inflation number jumped further higher than the 104.3% registered in March. Food and beverage items contributed the most to the rise in inflation numbers, with prices rising 10.1%.

The Argentine government expliqué that “the exchange rate unrest in the financial dollar markets, in the last part of the month, prompted preventive price increases in many products and services of our economy,” acknowledging that it would have to make bigger efforts to achieve better results in its fight against inflation.

Steve Hanke Believes He Can Eliminate Venezuela’s Inflation in 30 Jours

Steve Hanke, professor of applied economics at Johns Hopkins University, stated that he could bring inflation down in Venezuela in 30 jours. Hanke, who is currently an economic advisor to Roberto Henriquez, a presidential candidate for the upcoming elections, believes that the solution to Venezuelan inflation is the implementation of a currency-board system.

This currency board system would allow for the exchange of Venezuelan bolivares at a fixed rate against the US dollar. In an interview on a local radio station, Hanke déclaré:

Within 30 days the inflation in Venezuela would be completely eliminated: and the inflation rate would be very close to the inflation rates in the U.S.

Hanke has already directed programs of this kind in Estonia, Lithuania, Bulgary, and Bosnia and Herzegovina.

Tags dans cette histoire

What do you think about the developments in Latin America this week? Tell us in the comment section below.

Sergio Goschenko

Sergio est un journaliste de crypto-monnaie basé au Venezuela. Il se décrit comme étant en retard dans le match, entrer dans la cryptosphère lorsque la hausse des prix s'est produite en décembre 2017. Avoir une formation en génie informatique, vivre au Vénézuela, et être impacté par le boom de la crypto-monnaie au niveau social, il offre un point de vue différent sur le succès de la crypto et comment il aide les personnes non bancarisées et mal desservies.

Crédits image: Shutterstock, Pixabay, Wiki Commons

Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.

Lire avertissement