In June of 2020, Bolivia’s Direct Foreign Investment (IED) registered a loss of US $189.9 million, the worst economic downturn of the last seven years.
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Throughout 2020, Venezuela ordered some 71 tons of paper money from an Italian company, along with 300 million banknotes from a Russian state.
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The consumption of the coca leaf has increased 29% compared to 2013, but only 10% of the total coca production (around 120 thousand tons) has been for legal use.
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In September 2020, the first industrial cannabis plants, property of Barad SA and the National Institute for Agricultural Research, were legalized in Ecuador.
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Congressional members Juan Carlos Lozada, Gabriel Santos, and Gustavo Bolívar spoke on the current plans and debates to legalize the recreational use of cannabis in Colombia.
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In Cuba, there has been a rise in the demand for foreign exchange with the large influence that the dollar has had on the country.
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In Venezuela, due to the depreciation of the bolívar in recent days neither minimum wage nor retirement pensions reach even one dollar a month.
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Many business sectors have used digital modifications to enhance their processes, thus allowing them to reduce time and save money.
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The revenue from passage and maritime services are the principle sources of income for the Panama Canal, as well as revenue from energy sales and other miscellaneous services.
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The volatile economy of Argentina caused by political instability through authoritarian regimes, progressive periods, and the implementation of various economic models and policies have led the nation to create financial habits that uphold the use of foreign currency such as the US dollar.
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