Guatemala
Basle 2 'Developing countries fear poor loan loss'
GUATEMALA - The Basle 2 regulations, requiring banks in industrialised countries to make increased provisions for loans to their counterparts in developing countries, would make funds more expensive and scarce for those countries classed as the biggest…
Honduras not ready to adopt dollar-central banker
HONDURAS - A large trade deficit and limited foreign currency reserves mean Honduras is not ready to follow in the footsteps of neighboring El Salvador and dollarize its economy, Central Bank President Victoria Asfura said on Apr 19.
Guatemala urged to modernize financial system
The Guatemalan government should modernize its financial system to strengthen the supervision of the country's central bank over the country's financial system, the central bank governor said Feb. 2. Lizardo Sosa, the president of the Bank of Guatemala,…
Guatemala considers legalising limited dollar use
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
Guatemala moves towards opening up greenback use
Guatemala's ruling Republican Front (FRG) on Tuesday presented a bill to Congress proposing the liberalisation of the country's foreign exchange markets, as the first step toward dollarising the Central American economy.