Multimoney's digital platform now offers the option of saving through multimoney Smart, a savings account that offers 3.5% annual interest, 8 times more than what the market offers, regardless of the amounts deposited.

In the most recent report presented and carried out in july 2021, the Asociación Bancaria Salvadoreña (ABANSA), announced the positions of the country's banks, called "Banking Ranking".

Wednesday, 22 September 2021 16:32

How safe is it to use cryptocurrencies today?

Written by

In an article published by the BINANCE company, it points out that in this 2021, terms such as: "cryptocurrencies, bitcoin, or blockchain" are heard more frequently. Undoubtedly, the economic trend of this 2021 has been the use and adoption of cryptocurrencies as a form of payment not only in the world, but also in Latin America.

Tuesday, 21 September 2021 14:04

El Salvador's Bonds continue their bad streak

Written by

For two consecutive weeks, the prices of El Salvador's Bonds have been registering strong drops in their prices.

The specialized magazine "Bitcoin Magazine" indicated in the early hours of monday, september 20, that El Salvador has bought the "Bitcoin price drop", exchanging dollars for Bitcoin at a time when its price is expected to rise again.

AFP Crecer stated in a press release that it has generated US$2.6 billion in returns for the savings accounts of its contributors, which have been under its administration for a period of 23 years.

The Financial Commission of the Legislative Assembly called representatives of four telephone companies operating in the country, with access to different telephone, internet and cable services.

The Banco Central de Reserva informed that they visited the department of Cabañas to train students of Centro Escolar Karold Wojtyla and the Complejo Educativo Católico Pío XII, on savings, financial products and services.

The Bolsa de Valores (BVES), integrated between El Salvador and Panama, reached a cumulative total of US$252.9 million in traded amounts as of july 2021, registering an interannual increase of 48.2%, demonstrating the interest of investors in the markets of both countries. The amount traded in the stock market as of july 2020 was US$170.7 million and as of july 2021 was US$252.9 million.