Dollarization Increases in Guatemala

©image: Sam Photos8.com

Maynor Cabrera, a researcher from the Central American Institute for Fiscal Studies (Icefi), identified a process of "slow dollarization".

"This trend shows itself in the increase of dollars in the economy,... one of the reasons ... is that service providers want to protect their purchasing power", added Cabrera to local newspaper Elperiodico.com.gt.

Source: elperiodico.com.gt

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