The former political prisoner and exile is now leading a campaign to collect storybooks and educational materials for refugee children in Central America
From Reading Laws to Writing Children’s Stories: The Reinvention of Former Inmate Róger Reyes
SIBOIF authorizes banks to close accounts of sanctioned individuals if international correspondent banking relationships are at risk
A reform to SIBOIF regulations reiterates that sanctioned individuals are considered high-risk clients who must be reported to the Financial Analysis Unit (UAF). Furthermore, if these clients jeopardize the international relationships of banks, the banks are permitted to deny them services
Ortega once again puts the banks against the wall: “Treason” or exclusion from the global financial system
Analysts consulted by LA PRENSA explained that this law once again puts at risk the relationship between Nicaraguan banks and the global financial system, particularly with correspondents, who are the intermediaries for global transactions
Orteguism advises banks to perform “acrobatics” to evade international regulations, jeopardizing correspondent banking relationships
Complying with the requirements of the new law exposes them to the risk of losing correspondent banking relationships with foreign banks that enable international transactions. However, ignoring this mandate would result in accusations of treason, which carry penalties of exile and asset confiscation.
The Challenge of De-dollarization: From Incentives to Coercion
The excessive issuance of córdobas to finance huge fiscal deficits, high public indebtedness, and economic instability led to a significant loss in the value of the córdoba, leading citizens to seek refuge in the dollar.
Will Canada also shift to the right, led by Pierre Poilièvere?
Right wing politician Pierre Poilièvre, seems likely to succeed liberal Justin Trudeau if elections were held soon
National Assembly of Nicaragua passes law forcing private banks to restore financial services to sanctioned officials
The law was passed unanimously, as is customary in the Ortega-controlled parliament
Regime Orders State Institutions to Prioritize Purchases from Chinese Suppliers
The General Directorate of State Procurement at the Ministry of Finance and Public Credit issued a second circular announcing the measure
What’s Behind the Mandate to Purchase Chinese Technology in Public Institutions?
The measure represents a challenge to trade agreements grounded in WTO principles, according to experts
Dictatorship exiles bishop Carlos Herrera, president of the Episcopal Conference of Nicaragua to Guatemala
Two ecclesiastical sources confirmed to LA PRENSA that the Bishop of Jinotega was kidnapped after attending a meeting in Managua