In September an intervention was made in the exchange market through the sale of $81 million in order to avoid upward pressure on the exchange rate.
The $81 million that the Central Bank sold on the wholesale market to try to minimize upward pressure on the exchange rate is almost half of the amount it has injected so far this year.
The Higher Council of Private Enterprise has welcomed a proposal by President Ortega, to put international reserves funds into the Banco del Alba , provided legal procedures are followed.
"What we want to make clear is that it has to be in line with the law, on the one hand, but in the medium term, yes, it will mean (...) net resources for Nicaragua, we have to see it in that context," said Jose Adan Aguerri , president of COSEP, according to LaPrensa.com.ni.
Monthly Index of Economic Activity (IMAE), exports, remittances, international reserves, exchange rates, inflation, tax collection, banking system, foreign investment, tourism and outlooks.
Oscar E. Mendizábal, editor of the Blog “Desde Guate” (From Guatemala), gathers and analyses the main factors influencing the Central American economy (except Panama) during the first six months of this year.
From abundance to scarcity: Challenges faced by Central American banks in an
environment of tight liquidity.
After having been hit hard by the US mortgage crisis in 2008, large US and international banks have considerably weakened, in some cases escaping from bankruptcy only thanks to strong government intervention. Such an event has eroded the public’s confidence in the financial system worldwide.
From abundance to scarcity: Challenges banks face in an environment of little liquidity.
After losses caused by the real estate crisis in the United States in 2008, big American banks and those from other developed countries have been greatly weakened and, in some cases, have only escaped bankruptcy thanks to help from their governments. This situation has contributed to the erosion of confidence in the financial markets at the global level.