Displaying items by tag: BCR

The Banco Central de Reserva (BCR), affirms that the economic growth for the second quarter of 2022 is 2.8%. In this sense, the President of the BCR, Douglas Rodriguez affirms that El Salvador will not have a recession this year.

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According to a report provided by the Banco Central de Reserva de El Salvador (BCR) of the total remittances received from january to august 2022, US$47 million have been destined to invest in business or purchase of personal property for businesses, which reflects an increase of 45%.

Published in Economy

The Banco Central de Reserva (BCR), informed that during the holiday period from august 1 to 7, 2022, 130 thousand payments and interbank transfers were made through the Transfer365 electronic payment service.

Published in Finances

Today, the President of the Banco Central de Reserva (BCR), Douglas Rodriguez, together with the Secretary of Trade and Investment, Miguel Kattan, presided over the launching of Transfer365 Mobile and Transfer 365 Business, both of which are online payment systems.

Published in Finances

This morning, the members of the Economy Commission issued a favorable opinion to approve the Law for the Dissolution, Liquidation and Transfer of functions of the Dirección General de Estadísticas y Censos (DIGESTYC), which can be assumed by the Banco Central de Reserva (BCR).

Published in Finances

The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, informed in an interview that the construction sector has been affected, having a decrease of 4.8% in the first quarter of 2022.

Published in Finances

The Banco Central de Reserva (BCR), states that the Índice de Producción Industrial (IPI) registered an annual growth of 2.7% in may 2022, mainly driven by higher electricity generation.

Published in Economy

The Cámara de Comercio e Industria de El Salvador (Camarasal), explained that total credits, as of may 2022, presented an increase of 8.5% compared to the same month of the previous year, and particularly those destined to the productive sector grew 49.5% for the same period.

Published in Economy

The Cámara de Comercio e Industria de El Salvador (CAMARASAL), expressed in a press conference that El Salvador, like many other countries, is experiencing imported inflation, as it is strongly related to external factors, such as the rise in commodities prices, as a result of Russia's invasion of Ukraine, and problems in the supply chain.

Published in Economy
Wednesday, 06 July 2022 15:52

El Salvador has an inflation rate of 7.5%: BCR

The President of the Banco Central de Reserva BCR), Douglas Rodriguez, affirmed in a morning interview that El Salvador is one of the countries in the Central American region that has an inflation rate of 7.5%.

Published in Economy
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