MONETARY POLICY Argentina to sell dollars in parallel FX market to shore up peso 14-07-2024 09:31 Central Bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, says Economy Minister Luis Caputo.
'CEPO' ON WAY OUT? Baffling Argentina FX rates on borrowed time as election nears 17-10-2023 16:02 The hodgepodge of currency controls put in place in Argentina is likely in its last days.
CURRENCY WOES Argentina’s black market peso rate tops 1,000 per dollar 10-10-2023 15:10 Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp sell-off before the October 22 presidential election.
CURRENCY WOES 'Blue dollar' hits 1,000 – pre-election jitters send peso to new lows 10-10-2023 12:25 Argentina's parallel 'blue dollar' broke through the symbolic 1,000-peso mark in parallel markets on Tuesday as citizens scrambled to dump the currency.
FOREIGN EXCHANGE ‘Blue’ dollar soars – parallel exchange rate nears 900/greenback 06-10-2023 16:18 Movement of people and companies trying to dollarise is being felt given the proximity to the presidential election as exchange rate turbulence continues.
Bloomberg Peso tumbles with dollarisation rush amping up before vote 05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.
THIRST FOR DOLLARS Argentines’ love of dollars creates a windfall for local brokers 02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.
Currency crisis Argentine peso to slide 70% by next year, predicts Bank of America 16-08-2023 11:54 The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according to Bank of America strategists.
THIRST FOR DOLLARS A guide to Argentina’s many exchange rates 10-08-2023 08:44 Anxiety is showing in markets just days before a key primary vote that will decide who are the candidates for the October 22 election.
FINANCIAL TURBULENCE Financial turbulence: ‘Dólar blue’ hits 600 per greenback 09-08-2023 21:35 Parallel exchange rate passes psychological barrier of 600 pesos per dollar in lead-up to this weekend’s PASO primaries.
ENVIRONMENT & WILDLIFE Huge blue whale washes ashore in southern Chile 07-08-2023 11:21 Enormous blue whale washes up onto a beach in the city of Ancud, on Chiloe island, southern Chile, probably after dying at sea.
MARKET TURBULENCE Peso drops to all-time low on parallel markets as Massa lays out IMF deal 24-07-2023 19:18 Strong volatility on the markets – while bonds in foreign currency appreciated after the pre-agreement with the IMF and the announcement of foreign exchange measures, the informal currency jumped to a new record. What analysts say. by Lorena Rodríguez
ENVIRONMENT Patagonia's underwater defence against climate change 16-05-2023 14:27 Kelp forests are crucial for battling climate change by capturing carbon, but more than half of the world's kelp forests have been decimated by human activity and climate change.
BLOOMBERG – FEATURE Argentina cracks as peso plunge raises risk of messy devaluation 28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.
FINANCIAL TURBULENCE President Fernández accuses opposition of fuelling peso fall 25-04-2023 17:55 Argentina's currency extends multi-day slump to weaken on parallel exchange markets against dollar to 497 pesos per greenback, with President Alberto Fernández and Economy minister Sergio Massa lashing out at "rumours and false reports."
FINANCIAL TURBULENCE Economy minister vows to use ‘all tools’ to stop peso’s slump 25-04-2023 15:10 Argentina’s Economy Minister Sergio Massa vowed to staunch a collapse in the nation’s parallel currency rates as the peso’s worth slumps to record lows.
FINANCIAL TURBULENCE Massa to use ‘all state's tools’ to counter exchange rate turmoil 25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.
MARKET RUMOURS Argentina brokerage apologises after spreading devaluation rumour 22-04-2023 18:26 Brokerage firm Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.
EXCHANGE MARKETS 'Blue dollar' hits 420 – the reasons behind exchange rate turbulence 19-04-2023 12:31 Argentina’s complicated exchange rate spectrum was hit by further turbulence on Tuesday. The reasons behind the instability, according to the experts. by Santiago Escobar
FINANCIAL TURBULENCE Peso slumps in parallel market as inflation soars 18-04-2023 20:29 Argentina’s peso tumbled as much as 4.2 percent in the parallel exchange market Tuesday, the most this year.
WHAT LIES AHEAD IN 2023 Economy 2023: inflation and austerity in an election year 11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.
EXCHANGE MARKET Argentina’s black-market peso slumps to record ahead of holidays 29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.
HUNT FOR GREENBACKS Government tries to tempt tourists in search for dollars 04-11-2022 00:07 Authorities to let tourists use their credit and debit cards to tap more generous parallel new exchange rate in bid to boost Central Bank reserves.
CURRENCY CONTROLS Argentina lets tourists tap parallel FX rate to bring in dollars 03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).
CURRENCY CONTROLS Qatar and Coldplay: Argentina multiplies its exchange rates 13-10-2022 01:43 The 'dólar Catar' and 'dólar Coldplay' were added to Argentina's exchange control jargon on Wednesday.
NEW MEASURES New taxes slapped on concerts, spending on cards overseas 12-10-2022 16:04 Aiming to "protect reserves for production and job creation,” the National Government introduces new levies to discourage purchases in dollars with debit and credit cards; New measures affect foreign currency purchases in excess of US$300, trips abroad and luxury goods.
MONEY MARKETS Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates 06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.