To understand if a de-dollarization of the economy is feasible, it is important to understand what dollarization is.
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The Mexican National Petroleum company (Pemex) was subject to a cyberattack on November 10, which left it without access to much of its equipment.
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Two of the most important infrastructure works currently in progress in Colombia across the Magdalena River, the main tributary of the country, will be completed next month, and ready for use in 2020, after an initial contract claiming it would be completed in May 2018.
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The lack of US dollars available has obliged banks in Cuba to create waiting lists for Cuban nationals hoping to take money out of their accounts in foreign currency.
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On November 6th, 2019, Costa Rica began a round of visits to international investors with the goal of negotiating the investment of $1.5 billion USD worth of Eurobonds.
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Vizcarra stressed the importance of social development in parallel to economic development in his speech at the Peruvian Consortium of Economic and Social Research’s 30th Annual Research Seminar.
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The Ministry of Agriculture and Irrigation (Minagri) announced that Peru is one of the main producers and exporters of bananas.
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The number of tourists visiting Cuba continues to fall, especially with the decline in travelers from the EU.
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An annual report released by the Economic Commission for Latin America and the Caribbean (ECLAC) stated that a slowdown in global trade markets in the last decade, and even more since late 2018, will have negative impacts on the performance of Latin American and Caribbean foreign trade in 2019.
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In Mexico, Raúl Torres inherited $200,000 and deposited the money in a bank with the promise of security and growth, but over time the bank charged him for credits, which he never requested, and now all he has left is a pension of $300 a month.
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