News of cash

Kiosco de barrio: Why Argentines remain local to their local shop

19-04-2023 22:01 Despite the growth of chain stores, this typically Latin American business remains a family one. Inspiring customer loyalty and offering a friendly ear, 70% of Argentines visit once a week, a new survey reveals.

by Enrique Garabetyan

BLOOMBERG

Ghost banks limp along in Argentina, staying open as costly ATMs

10-01-2023 17:44 Ghost branches — no longer serving clients who require anything beyond an ATM, but not technically closed — have become a common sight in Argentina. As customers increasingly do their banking via smartphone apps and online, providers are pushing to close physical locations. But regulators won’t let them.

CURRENCY WOES

Tourists pay with wads of cash as inflation nears 100%

27-10-2022 16:04 Paying with cash is becoming increasingly cumbersome in Argentina as inflation gallops toward 100%.

FEATURE

Cash-strapped Argentina goes all or nothing on new economy chief

15-09-2022 15:55 New ‘super’ minister has undoubted political clout and scored early wins in Washington – but Sergio Massa’s presidential ambitions depend on avoiding economic meltdown

NEW MEASURES

Argentina seeks to shift all-cash workers into payroll jobs

30-08-2022 15:06 Policy aims to target welfare recipients who opt for informal, all-cash jobs to avoid losing government benefits and persuade them to stay in the system.

BLOOMBERG

MercadoLibre posts record revenue, braces for macro jitters

06-05-2022 09:08 Latin American e-commerce retailer grew its revenue more than forecast in the first quarter; Company plans to invest some US$10 billion across the region this year.

Bloomberg

Argentina’s 50% inflation has crypto credit cards booming

16-02-2022 20:41 With inflation surging at a more than 50% annually, cryptocurrency exchange Lemon Cash plans to increase issuance of Bitcoin rewards cards this year.

G20 & COP26 SUMMITS

Argentina offers its creditors climate action instead of money

05-11-2021 01:48 Argentina is pushing for a new way to service debt: instead of paying creditors with cash, it wants them to recognise the country’s efforts to tackle climate change.