IBGR.NEWS - ECONOMIC NEWS YOU CAN USE FOR 14FEB22

P2P payments spurred crypto adoption across Venezuela in 2021
COINTELEGRAPH, Juan Abad, 12FEB22

• Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country
• According to blockchain analysis firm Chainalysis, Venezuela ranks seventh in the Global Cryptocurrency Adoption Index 2021 thanks in large part to peer-to-peer (P2P) trading activity
• According to a report by the University of Cambridge, Venezuela ranked among the top 10 cryptocurrency-mining countries at the beginning of 2021, making it the first Latin American country to break the top 10.

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Kenya - Central Bank Calls for Views On Adopting Digital Currency
allAfrica, Joseph Kangethe, 12FEB22

• The Central Bank of Kenya has published a discussion paper on a CBDC for the public to submit their views. CBK governor is optimistic about the country adopting a central bank digital currency
• ​A CBDC is a country's national currency that exists in electronic form, under issuance, control and regulation of the country's monetary authority and supported by the government.

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Latest inflation surge brings new political peril for Biden, Democrats
WashingtonTimes, Dave Boyer, 10FEB22

• Inflation soared 7.5% over the past 12 months, the steepest spike since 1982, further eroding worker wage gains.
• PPI: December .02% MOM, 2021 9.7%
• CPI: December .08% MOM, 2021 7.5%

Consumer confidence tumbles to 11-year low as inflation skyrockets
FOXBusiness, Megan Henney, 11FEB22

• U.S. consumer confidence plunged to an 11-year low in early February, reflecting heightened concerns among Americans about hotter-than-expected inflation and the skyrocketing price of everyday goods. 
• ​The University of Michigan’s consumer sentiment index fell to 61.7 in February – down sharply from the January reading of 67.2 and well below economists' forecast for a reading of 67.5.