Argentina, Bolivia Sign Lithium Deal; Honduran City Adopts Bitcoin

A roundup of Thursday’s news from across Latin America

Bloomberg Línea
April 07, 2022 | 08:45 PM

Bloomberg Línea — Argentine President Alberto Fernández met Thursday with his Bolivian counterpart, Luis Arce, at Casa Rosada, and both leaders signed a memorandum of understanding on cooperation in the extraction and development of lithium resources.

The city of Próspera in Honduras has adopted Bitcoin (XBT) as legal tender, following in the footsteps of El Salvador, to become the second location where the cryptocurrency is legal tender in Central America. The cryptocurrency will be accepted in Próspera, on the island of Roatán, one of the country’s two Employment and Economic Development Zones (ZEDE). Joel Bomgar, president of Honduras Prospera Inc., said: “Bitcoin within Próspera operates as legal tender, that means there are no capital gains taxes on Bitcoin, you can freely trade and use Bitcoin and you can pay taxes and commissions within the jurisdiction on Bitcoin”.

On the region’s stock markets, Argentina’s Merval (MERVAL) had the best performance in the region and stood out with a rise of 0.64%, after yesterday’s second largest fall. Shares of Loma Negra (LOMA), Bolsa y Mercados Argentinos (BYMA) and Cablevision Holding (CVH) were among the highest gainers. Mexico’s stock market suffered the sharpest drop in Latin America on Thursday, with S&P BMV/IPC (MEXBOL) down 0.29% at the end of the day.

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

Argentina:

Brazil:

Chile:

  • Chile’s Finance Ministry unveiled a $3.7 billion stimulus package aimed at boosting sectors that have lagged behind in the nation’s economic recovery, as Chile faces difficulties such as a slowdown in growth and rising inflation. Among the measures, President Gabriel Boric announced that the minimum wage will be increased this year.

Colombia:

Dominican Republic:

Ecuador:

Guatemala:

Honduras:

  • The city of Próspera in Honduras has adopted Bitcoin (XBT) as legal tender, following in the footsteps of El Salvador, to become the second place where the cryptocurrency is legal tender in Central America. The cryptocurrency will be accepted in one of the country’s two Employment and Economic Development Zones (ZEDE) in Próspera, on the island of Roatán. Joel Bomgar, president of Honduras Prospera Inc., announced the news on Thursday at Bitcoin Conference 2022 in Miami that brought together around 25,000 key players in the crypto space. “Bitcoin within Próspera operates as legal tender, that means there are no capital gains taxes on Bitcoin, you can freely trade and use Bitcoin and you can pay taxes and commissions within the jurisdiction on Bitcoin,” Bomgar said.

Mexico:

Panama:

Peru:

Uruguay: