1 / 1 Relevant items tagged with #Imports

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Brazil’s crypto imports surged 40% in September 

[Oct 29 6:09 PM] Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September.

Putin Reveals Over 85% of CIS Trade Now in National Currencies

[Oct 9 1:30 AM] Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part…

Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

[Sep 28 9:30 AM] According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding…

Russian Economy Sees Growth Despite Western Sanctions and Declining Imports

[Sep 2 1:30 AM] The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military…

India and Russia to Enhance Trade With Rupee-Ruble Payments

[Aug 16 11:20 AM] India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as…

Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top

[Jul 22 1:30 AM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in…

Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances

[May 7 9:38 PM] Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after…

IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records

[Aug 12, 2023 1:30 PM] The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse…

Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers

[Jul 20, 2023 11:30 PM] Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value…

Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

[Jun 20, 2023 4:00 AM] The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the…

Iran Sets Up Platform to Facilitate Crypto Payments for Imports

[May 3, 2023 5:30 AM] Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of…

Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions

[Apr 18, 2023 2:30 AM] Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of…

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

[Feb 12, 2023 1:00 AM] Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining…