The president of Venezuela, Nicolás Maduro, announced that on Monday, August 20, a new currency will begin to operate in the country, going from the Bolívar to the Bolívar Soberano (Sovereign Bolivar), anchored to the cryptocurrency, the Petro, the president said.
BRIDGETOWN, Barbados, June 2, 2018 - IMF Managing Director Christine Lagarde says an IMF team, led by Bert van Selm, will be visiting Bridgetown on Tuesday to start discussions on how the Fund can support the Mia Mottley administration's economic plan.
Member countries of the Food and Agriculture Organization, or FAO, have agreed to increase their efforts working collectively to help eradicate an increase in hunger since 2016 and strengthen food security in Latin America and the Caribbean region. Some delegates conceded that discussing hunger in the Caribbean in 2018 was an embarrassment.
The Petro, the world's first national cryptocurrency based on natural resources, has generated sales over five billion dollars during its pre-sale period and has recorded over 186,000 certified purchases. The sale of the Petro has also significantly strengthened the country's foreign reserves amid increased international aggression.
The U.S. Federal Reserve held interest rates steady Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year.