Monday, 16 January 2023 14:57

Back to school? Don't let your economy fail

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After enjoying a well-deserved vacation, it is time to go back to school and, consequently, to buy uniforms, shoes and school supplies, so it is important to allocate a budget for these purchases so your family economy is not affected.

The Dirección General de Aduanas (DGA), informs salvadorans residing abroad or foreign visitors that the tax exoneration of up to US$3 thousand for new goods will be in effect until january 31, 2023, benefiting thousands of salvadorans arriving to the country.

Wednesday, 11 January 2023 23:21

World food prices down 1.9% in december 2022

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The world food price index fell for the ninth consecutive month in december 2022, decreasing 1.9% from the previous month, the Food and Agriculture Organization of the United Nations (FAO) reported.

According to the Consejo Salvadoreño del Café (CSC), Arabica coffee prices dropped slightly yesterday, monday. Operations remain in the average range of the last week, with a minimum of US$156.40 and a maximum of US$161.20. Underlying the price behavior are fundamental and speculative factors.

For salvadorans who are running low on fuel, the Ministerio de Economía (MINEC), announced the reference prices that will be in effect from january 10 to 23, 2023.

The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, explained in a morning interview that in January 2023 pensioners will see reflected in their savings account the payment of the 30% increase, a reform that was approved in december 2022.

In recent days salvadorans have reported a high increase in the prices of some dairy products, for example: the cost per pound of soft hard cheese which used to be US$2.60 to US$2.80 and now is between US$3.70 and US$4.00.

The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, informed in a morning interview that the economic growth projection for the fourth quarter and closing of 2022 is 2.8%.

The Defensoría del Consumidor (DC), which during the year 2022 was able to recover thousands of dollars for the benefit of 652 salvadorans, whose suppliers of goods and services had overcharged them.