Move by first nation to approve bitcoin as legal tender raises important issues
President claims the move, a first for any country, will aid remittances and financial inclusion
Changes exclude employers’ association from nominations and expand grounds for dismissal
New MPC member in Turkey; former RBI governor dies; and more
Bretton Woods institutions worried about growing divergence in capital and accounting rules
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
Seasoned civil servant Carlos Federico Paredes appointed by new political outsider president
Central bank says app designed to improve accessibility of economic data
Veteran central banker moves back to private sector; Jamaica begins search for new governor; El Salvador governor assumes presidency of regional council
New minimum wage legislation will improve the living standards of 19.9% of households, says Central Bank of El Salvador governor
Central bank sold 5.4 tonnes of gold in March
IMF paper offers guidance on dollarisation of currency using past experiences
The International Monetary Fund (IMF) on Friday said it would loan more than $1 billion to Serbia and El Salvador to ward off the threat of financial instability.
The dollarisation of El Salvador's economy has brought relative calm to the Central American economy. But it will not be able to completely avoid the collateral damage from a slump in the United States, says Steve H. Hanke, a professor of applied…
El Salvador's economy performed well in 2005, growing by 2.8%.
This IMF paper reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.
HONDURAS - A large trade deficit and limited foreign currency reserves mean Honduras is not ready to follow in the footsteps of neighboring El Salvador and dollarize its economy, Central Bank President Victoria Asfura said on Apr 19.
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
El Salvador is making final preparations to introduce the US dollar into general use in January, importing the US currency and training bank employees how to avoid money laundering and counterfeit schemes, officials said on Wednesday.
El Salvador must keep a tight rein on government spending to succeed with a controversial plan to introduce the US dollar into general use and jump-start its economy, economic analysts say.
Guatemala's ruling Republican Front (FRG) on Tuesday presented a bill to Congress proposing the liberalisation of the country's foreign exchange markets, as the first step toward dollarising the Central American economy.
El Salvador will allow the US dollar to circulate freely alongside its own currency in the new year under a monetary law sent to Congress by the president on Thursday.