June 22 Xinhua World Economic News summary at 10:30 am GMT

Sarajevo-Bosnia-Herzegovina (BiH) merchandise exports reached 5.2 billion convertible dollars ($ 3.2 billion) in the first five months of 2021, up 29 percent year-on-year, announced on Monday the Bureau of Statistics of Bosnia and Herzegovina.

Imports totaled 7.8 billion marks ($ 4.7 billion), an increase of 18%, officials said. (BiH-Export of goods)

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Havana-Cuba’s banking system has stopped accepting cash deposits in US dollars since Monday. This is a measure the government announced 10 days ago to deal with the impact of the new sanctions on the island as part of a long-term US trade ban.

The Central Bank of Cuba said in a statement that the move was necessary because Cuban banks were banned from depositing US dollars in international banks more than a year ago. (Cuba-US $ -Cash deposit)

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From the Washington-Federal Reserve Board, President Jerome Powell said on Monday that the COVID-19 pandemic continues to pose a risk to the economic outlook for the United States as the pace of vaccination slows.

“Advances in vaccination are limiting the spread of COVID-19 and public health,” Powell said in testimony posted Monday afternoon on the Federal Reserve Board website prepared for Tuesday’s hearing. We will continue to reduce the economic impact of the crisis. ”Before the House’s select subcommittee on the coronavirus crisis. (Federal Reserve Board-COVID-19-Prospect)

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Brasilia-Brazil financial markets have raised their economic growth forecast for 2021 from 4.85% to 5%, the Central Bank of Brazil said on Monday.

According to a weekly bank survey of the country’s main financial institutions, analysts have adjusted their growth forecasts for 2022 from 2.2% to 2.1% of GDP. (Brazil-Economic forecast)