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El Salvador to Issue Bitcoin Bond; Venezuela to Tax Crypto, Dollar Deals

A roundup of Wednesday’s news from across Latin America

Bloomberg Línea
By Adam Critchley
February 09, 2022 | 09:00 pm

Bloomberg Línea — El Salvador’s government bitcoin bond (XBN) for $1 billion will be placed on the international financial markets between March 15 and 20 of this year, the country’s Finance Minister Alejandro Zelaya said.

Venezuela will introduce a new tax for transactions in dollars and crypto-assets from March 1. The tax reform approved by the government majority National Assembly seeks, according to its explanatory memorandum, to strengthen the use of the national currency, the bolivar, and also to increase tax collection.

On the region’s stock markets, Peru’s S&P/BVL Peru (SPBLPGPT) had the best day in the region on Wednesday, rising by 1.30%, riding the momentum it received Tuesday following the announcement by Compañía de Minas Buenaventura (BUENAVC1) to sell its entire stake in the Yanacocha and La Zanja gold mines. The deal closed at $450 million. Share performance was also boosted by the presentation of President Pedro Castillo’s new cabinet on Tuesday night, his fourth cabinet since taking office last July.

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Following is a roundup of Wednesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina

Brazil

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Chile

Colombia

Ecuador

El Salvador

Mexico

John Kerry, White House Special Presidential Climate Envoy, and Mexico's Foreign Minister Marcelo Ebrard. (Photo: Secretaría de Relaciones Exteriores).dfd

Panama

Venezuela

This is how the region’s markets closed on Wednesday, February 9: