In the first six months of 2019, companies in the region spent $66 million on the purchase of corrugated paper or cardboard boxes, 8% less than in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Since October 1, technological platforms dedicated to transport services operating in Panama will no longer be able to collect cash from their customers, therefore, payments must be made electronically.
The Transit and Land Transportation Authority (ATTT) announced that since enough time has been allowed, no further extension will be established for cash payment related to Selective Transportation fares through Platforms based on Information and Communications Technology, explains an official statement.
70% of consumer spending is done using cash, 11% with other means of payment, 8% using debit cards and 7% by credit card.
Only 15% of commercial transactions in Costa Rica are made using debit or credit cards.The State of the Nation points out that although 14% of upper management "...
Cash is the most frequently used method of payment, compared to the use of credit cards, debit cards and electronic transfers.
The results of the study prepared by the Central Bank indicate that 95% of individuals and 94% of establishments with economic activities, used cordobas.Only 4% of natural persons and 7% of establishments with economic activities use dollars.
The maximum amount allowed for banking transactions in cash in foreign and national currency has been lowered from $10,000 to $4,000.
From a resolution by the Central Bank of Honduras:
For purposes of the application of Articles 8, 12, 23 and 25 and in compliance with the provisions of Article 86 of the Special Law against Money Laundering the following amounts have been established:
Paying maximum attention to the "Three C's" is always important. In times of crisis it is vital...
Economic turbulence disrupts the stability of cash flows, which are sometimes also affected by external factors such as exchange rates, interest rates, reduction of credit, etc. This is why we must pay extreme attention to managing our cash flow.
A exhaustive revision of all product lines, along with their respective profitability, is a good tactic to stay afloat while waiting for better times.