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Latin America, Financial Timeline Saturday, March 20 Bookmark and Share     Author
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  Castro calls for tight finances in Cuba
World News Business (570) Financial (184) Latin America (16)
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Venezuela will slash value of currency  President Hugo Chavez has announced that the bolivar will be devalued for the first time since 2005 by at least 17% President dismisses central bank governor
Stores face punishment after devaluation  Inspectors, aided by the military, shut down 70 stores as a sanction for allegedly adjusting prices in the wake of a currency devaluation   Chavez: military will monitor prices
Jan.11   Venezuela
Jan.10   Venezuela
  In the wake of devaluation currency, Chavez on said he would put the military on the streets to ensure that business owners don't raise prices
Jan.8   Venezuela
Jan.7   Argentina
  Cristina Fernandez de Kirchner has ordered the removal from office of Martin Redrado, who had refused to use currency reserves to pay foreign debt

year 2009 Top ^

Jul.26   Cuba
  Castro said in a speech marking Revolution Day that the nation will face a second round of belt-tightening as a result of the global financial crunch
Feb.21   Antigua & Barbuda Antigua & Barbuda seizes Stanford banks  Antiguan and Barbudan regulators took control of U.S.financier financial institutions on the twin-island nation Feb.3   Mexico Bank of Mexico tries to beef peso  The Bank auctioned off billions of dollars in an attempt to support the faltering Mexican peso. The measure did not have the desired effect

year 2008 Top ^

  Ecuador Ecuador won't pay foreign debt interest  President Correa said he will not pay interest on the nation's foreign debt and that he was prepared to accept any consequences Nov.22   Antigua & Barbuda   Caribbean leaders join forces on downturn  Leaders from Antigua, Belize and the Bahamas said they will push regional banks to provide more loans to builders and exporters Nov.20   Argentina Pension takeover passed  Senate has approved a bill to nationalise private pension schemes worth at least $23bn, as a victory for President Fernandez's government Nov.3   Brazil Itaś and Unibanco to merge operations  Itaś and Unibanco will merge their banking, credit, and insurance operations, creating the largest financial services group in the Southern Hemisphere Oct.1   Mexico Mexicans in U.S. sending less money home  Banco de Mexico: Mexicans in the United States sent home 12.2% less money this past August than the same month last year Jun.11   Cuba Cuba to abandon salary equality  Vice-Minister for Labour: Cuba is to abolish system of equal pay for all and allow workers and managers to earn performance bonuses Jun.10   Argentina Controversial tax to fund social programs  President Cristina Fernandez de Kirchner announced plans to fund a public works program with revenues from a agrarian export tax

year 2007 Top ^

Dec.6   Venezuela Inflation worries  Inflation is beginning to eat away at Venezuela's economy despite efforts by Chavez's government to put a cap on swiftly rising prices Sep.13   Brazil Gang used ATM 'blood suckers' to steal  Police arrested 24 people in a crackdown on a gang that implanted devices in ATMs that recorded banking data Apr.30   Venezuela   Venezuela to pull out of IMF, World Bank
  President Chavez announced he would make a symbolic move because the nation has already paid off its debts to the lending institutions
Mar.18   Mexico LatAm migrants' money exceeds aid

year 2006 Top ^

Oct.2   Mexico Banks attacked in restive city Jul.25   Haiti Donors pledge $750m aid to Haiti May.10   Puerto Rico Loan deal for crisis

year 2005 Top ^


year 2002 Top ^

Aug.7   Brazil   IMF throws extra $30bn to Brazil  The International Monetary Fund is hoping to help pull the country and the region out of crisis Feb.11   Argentina Peso passes first test  Peso, floating freely for the first time in a decade, ended trading stable against the dollar Jan.6   Argentina Peso devaluated
  New government ends 10 years of parity with the US dollar. 1.4 pesos would buy $1, a devaluation of 30%

year 2001 Top ^

Dec.23   Argentina Debt payments suspended  New interim president will suspend foreign debt payments, triggering the default Dec.19   Argentina Argentina plunges into turmoil  Economy Minister, Domingo Cavallo, has resigned. Police fired tear gas to disperse tens of thousands of angry protesters Aug.3   Argentina IMF to accelerate $1.2 billion loan  $1.2 billion loan for Argentina and $15 billion line of emergency credit for Brazil
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