Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

By Bitcoin.com - 1 сол пеш - Вақти хониш: 2 дақиқа

Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela.

Песои Аргентина 10% дар баробари доллар поин рафт

The Argentine Peso has гумшуда more than 10% against the U.S. dollar during the last week, going from less than 400 pesos per dollar in the informal blue exchange rate to more than 440 on April 21. The cause of this sudden rise has to do with the perceived weakness of the Argentine government, which has been unable to control the rise of inflation, which расид inter-annual levels of more than 100% in March, the highest in all of Latam.

The country currently holds $2 billion in its foreign currency захираи, a low number when compared to the reserves of Brazil, an economy five times the size of Argentina, which holds approximately $350 billion in foreign currency. This has caused Argentines to purchase dollars to take refuge from devaluation of the peso, with analysts predicting its price reaching сатҳҳо of over 500 pesos per dollar later this year.

Венесуэла ва Русия нақша доранд, ки алтернативаи SWIFT-ро таҳия кунанд

Venezuela and Russia announced that they were working to develop an alternative to SWIFT, the bank messaging and settlements system that most banks use to complete cross-border payments. Accompanied by his Russian counterpart Sergey Lavrov, who also диданд Brazil on his Latam tour, Venezuelan Foreign Minister Yvan Gil stated that such a system was already in development.

Гил изҳор дошт,:

Гурӯҳҳои техникии Бонки марказии Венесуэла ва Бонки Русия дар табодули паёмҳои молиявӣ кор мекунанд, то ба системае биравем, ки мо худро аз доллари гегемонӣ ҳамчун танзимгари муомилоти тиҷоратӣ озод мекунем.

The system will be an answer to the хориҷ кардан from the SWIFT network that Russian banks suffered in 2022 as a result of the wide package of sanctions enacted by Western nations on Russia. Gil stated more updates on this system would be shared in the next weeks.

Венесуэла Bitcoin Mining Farms Are Still Inactive

Дар Bitcoin mining ecosystem in Venezuela is still inactive, with most farms not operating as a result of the so-called PDVSA-crypto санҷиш that is affecting the cryptocurrency sector in the country.

Танаффус дар амалиёти истихроҷи маъдан, ки гӯё аз ҷониби ширкати миллии энергетикии Corpoelec фармоиш дода шудааст, ҳоло ҳам идома дорад ва конканҳо талафотро ҷамъ мекунанд, ки ба садҳо ҳазор доллар мерасад.

Бино бар Криптонотикҳо, owners of these Bitcoin farms could be losing $11 million monthly, with Corpoelec losing about $2 million as a result of this forced pause. There are still no reports about when these operations could be restarted, as the probe is still ongoing.

Шумо дар бораи вокеахои ин хафта дар Америкаи Лотинй чй фикр доред? Дар фасли шарҳи зер ба мо бигӯед.

Манбаъи аслӣ: Bitcoin.com