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From 300 to 1000 minimum wages will be the fine for loan sharks who charge more interest than permitted
Written by Evelyn Alas
The deputies of the Financial Commission presented three pieces of correspondence, in which they presented the initiatives to reform the Law Against Usury, the Civil Code and the Commercial Code.
CONFEPESCA affirms that fishing inputs have increased 25% and 35% in the country
Written by Evelyn Alas
Norberto Romero, president of the Confederación Salvadoreña Pesca Acuícola Agropecuaria de Pequeña Escala (CONFEPESCA), informed that fishing inputs have increased between 25% and 35%.
Is it convenient or not to take out the advance of my pension savings balance?
Written by Evelyn Alas
Evaluate yourself. People can obtain this benefit that has been in place since 2017, with which you can request up to a maximum of 25% of the balance of your own savings account in your Fondos de Pensiones (AFP), preferably and use it to cover any personal need.
Tourism affirms that the country will achieve US$1.462 billion in foreign exchange by the end of 2021
Written by Evelyn Alas
The minister of Tourism, Morena Valdez, explained that from january to december of last year, the country reached more than 1.4 million visitors and we expected 1.2 million. The projection in foreign exchange was US$800 million and it surpassed it with US$1,462 million.
The IMF asks the Government of El Salvador to eliminate Bitcoin as legal tender
Written by Evelyn Alas
The International Monetary Fund (IMF), asked the Central Government to eliminate Bitcoin as legal tender in the country due to the "serious risks" it implies for the market and financial stability. The body also showed its concern about the issuance of bonds backed by the cryptocurrency.
Agricultural Commission rules in favor of suspending embargoes to coffee growers
Written by Evelyn Alas
The deputies of the Agricultural Commission issued a favorable opinion containing the "Special Transitory Law for the Suspension of Embargos for loans granted to the Coffee Production Sector", which seeks to bring financial relief to this sector.
MAG seeks to reach 25 thousand quintals of corn and beans by the end of 2022
Written by Evelyn Alas
The head of the Ministerio de Agricultura y Ganadería (MAG), David Martínez, informed that for the agricultural cycle that will begin with the first rainy season of the year, the ministry has prepared some changes.
Thanks to the preference of its customers, Bancoagrícola continues to be the bank of the year according to The Banker
Written by Evelyn Alas
The last few years have been difficult for industries, but with strength, resilience and perseverance, they have been overcoming the challenges brought about by the Covid-19 pandemic.
Chivo Wallet has added 4 million users with Netki partnership
Written by Evelyn Alas
According to media outlet Cointelegraph, Chivo, El Salvador's official Bitcoin wallet, has managed to incorporate 70% of the unbanked population in El Salvador, says the partner.