Displaying items by tag: BCR
Transfer365 has improved the way for salvadorans with digital payments
According to the Alianza para la Inclusión Financiera (AFI), the Banco Central de Reserva (BCR) has led and promoted fundamental projects aimed at modernizing the country's payment systems with the incorporation of innovative, efficient and secure digital financial services, on par with international standards and for the benefit of all salvadorans.
Transfer365 has saved salvadorans $23 million by not paying commissions
The Banco Central de Reserva (BCR) created the Transfer365 tool to make it easier for individual and corporate users of the financial system to manage their payments and other similar actions, so that they do not have to go to agencies or expose themselves to additional payments.
Consumer prices had a variation of 6.82% as of february 2023: BCR
The Banco Central de Reserva (BCR) informed that El Salvador's interannual inflation growth rate decreased its trend for the fourth consecutive month, showing a lower impact on consumer prices, despite the international environment that affects these prices.
El Salvador received US$588 million in remittances in january 2023
According to the Banco Central de Reserva (BCR), in january 2023, El Salvador received US$588 million in family remittances, showing a growth of 6.4% compared to the same period last year.
Economic growth projection for the end of 2022 is 2.8%: BCR
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%.
BCR affirms that the salvadoran economy grew 2.2% in the third quarter of 2022
The Gross Domestic Product (GDP) for the third quarter of 2022 registered a growth of 2.2% compared to the same period of the previous year. In monetary terms, this represented an increase of US$682.8 million, bringing the GDP for the third quarter of 2022 to US$7,887.1 million.
4 out of 5 salvadorans abroad send remittances to the country according to survey: BCR
As part of this effort, the Banco Central de Reserva (BCR) conducted a survey to learn in depth about salvadorans living in the United States. The Organización Internacional para las Migraciones (OIM) supported the survey with the objective of facilitating the design of adequate public policies in favor of the sector.
Salvadoran GDP to grow 2.8%, exports 14% and remittances 3.7% by the end of 2022: BCR
According to data from the Banco Central de Reserva ,shows that the Gross Domestic Product (GDP) could grow 2.8% by the end of 2022, while exports will increase 14% and remittances 3.7%.
Commission in favor of BCR to extend Business Statistical Solvency
The deputies of the Economy Commission issued a favorable opinion to reform the Commercial Registry Law with the purpose of continuing modernizing the services that public institutions provide to salvadorans, through the use of new technologies.
Economy Commission to invite BCR to study reforms to the Commercial Registry Law
The deputies that make up the Economy Commission received the files for the Reforms to the Law of Commerce Registry for the Banco Central de Reserva (BCR), to issue the Solvency of Registration of Statistical Information of Companies to be studied next week.