Industries and markets

Argentina implements digital certificate for commerce with Paraguay

Argentina`s tax authority AFIP implemented the Digital Certificate of Origin (COD) between Argentina and Paraguay, which aims to facilitate trade between the two countries. The system was already implemented with the countries of Brazil, Uruguay

Brazil’s Central Bank Sells U.S. Dollar Reserves for First Time in Ten Years

” The Central Bank intends to sell up to US$3.845 billion.”

Ecuador combats pollution: recyclable plastic bottles exchanged for money to buy local transport tickets

“Passengers who use the city’s bus transit system, Metrovia, are now queuing at a newly installed machine, waiting to unload their plastic bottles for two cents each, which they can spend on public transport.”

Argentina default “possible”, but not “probable”, says credit rating agency Fitch

“Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview.”

Brazilian Electric Energy Agency Approves Reduction in Tariffs in Five States

“The reduction is valid for five states, starting in August.”

Brazil: Receita Federal introduces “Digital Cloud Certification”

What is the Digital Cloud Certification? The Brazilian Federal Revenue (RFB), in line with market trends and the needs of citizens who are increasingly using mobile devices, has already implemented several mobile applications, such as:

Brasil transfers Financial Activities Control Board to Central Bank

President Jair Bolsonaro has signed an interim measure (medida provisioria, MP) on Monday night to transfer the Financial Activities Control Board (Coaf) to the Central Bank. The agency that previously belonged to the Ministry of

Brazil tightens controls over money laundering and illicit financial activities

“The measure, published in the Official Gazette, gives power to the central bank president to appoint officials and to choose the president of the newly created unit. Previously, Coaf was under the Economy Ministry.”

Argentina’s Alberto Fernández Rejects Economic Protectionist Measures

“Meanwhile, Bolsonaro continued to rage against Fernández on Twitter. “With the possible return of the São Paulo Forum to power in Argentina, the people are now withdrawing massive amounts of money from the banks,” he

Brazil’s Government Set to Announce Privatization of Postal Service “Correios”

“In the justifications for the privatization of Correios, the Ministry of Economy points out, among other reasons, corruption, political interference in the management of the company, inefficiency, and constant strikes.”