Royalties on mineral holdings in Guatemala will be imposed on three levels related to the base value of the extracted material.
According to Mario Marroquin, president of the Union of Mining and CEO of the company Montana Exploradora (main extractor of gold and silver in Guatemala), precious metals are those with the highest and there are other lower rates for base metals and non-metallic minerals.
U.S. currency rose last week after having been at its lowest value for the last five years.
The upward trend that the dollar began showing last week against the quetzal, could continue in the coming months as it seems that factors that pushed the dollar down are no longer present in the Guatemalan economy.
The Government presented Congress the Credit Card bill.
The bill if approved by Congress, will regulate the contracts, demanding to provide the given credit limit, interest rates, fees and charges which apply. The institution issuing the credit card must provide the customer a copy of the contract.
In the first quarter of the year consumption was up 4.7% and investment fell 11.6% relative to the same period of 2009.
The data form part of analysis conducted by the Guatemalan central bank, Banguat, on the economy's performance.
Economists consulted indicate their concern about the subject. Manuel Pérez Lara, ex member of the Monetary Committee comments that, "this is very dangerous because it is investment that drives improvements in the quality of life, productivity and development, not consumption," reports Prensalibre.com.
Managed by CABI and financed by the Soros Foundation, the Mirador Monetario will contribute to transparency in the Financial System of Guatemala.
Managed by Central American Business Intelligence, the mission of the Mirador Monetario is "to be the leading source of information and education regarding financial monetary matters and to expand to the rest of countries in CA."