News of central bank reserves

Central Bank lowers key rate to 60%

25-04-2024 15:07 Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of inflation.

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

Argentina pays IMF as negotiations to continue in Washington

30-06-2023 21:44 Government makes two payments owed to the International Monetary Fund before a Friday deadline; Senior officials Leonardo Madcur and Gabriel Rubinstein to hold discussions over a new staff-level agreement next week in Washington. 

Economy Minister Sergio Massa to fly to China for swap line talks

28-05-2023 10:08 Argentina's economy minister will travel to China next week in a bid to free up more cash from a currency swap line that could help stem a peso sell-off before this year’s presidential election.

Central Bank reserves drop to lowest level since 2016

03-05-2023 12:44 Central Bank reserves slump to their lowest level since October 2016 as institution plunders state coffers to defend struggling peso.

Cristina attacks Milei's dollarisation plan, blames IMF for inflation

27-04-2023 23:52 Vice-president declares that dollarisation would be “worse than convertibility” as she delivers highly anticipated speech that attacks IMF policies, opposition ‘inheritance’ and Javier Milei.

Massa’s disobedience, Kirchnerite fury and inflation fears

26-04-2023 11:05 Economy Minister Sergio Massa will force a political debate in the wake of exchange rate crisis. Kirchnerism once again points finger at agricultural producers.

by Ariel Maciel

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."

Historic drought adds to Argentina’s economic woes

06-04-2023 15:26 Argentina's worst drought in almost 100 years is decimating critical soy, wheat and corn production, damaging the income of farmers, producers – and the government.

Can they regain control?

01-04-2023 00:06 Once again, Argentina’s deep fragilities have surfaced as much-needed reform was replaced with kicking the can down the road, meaning that what could have been a relatively stable mediocrity all the way to the elections could be replaced with frequent turbulence.

by Agustino Fontevecchia

Argentina’s US$44-billion IMF deal gets latest staff approval seal

03-12-2022 08:07 Third review of nation's US$44-billion debt programme now goes to the IMF’s executive board for approval, which is expected to meet this month; Upon completion, Argentina will have access to about US$6 billion, the IMF said.

Government moves ahead with second run at ‘soy dollar’ scheme

28-11-2022 12:35 Dólar Soja 2: Government hopes to boost reserves by US$3 billion with a second run at agroindustry-aimed programme.

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 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.

Argentine soybeans flood market just as US harvests bumper crop

11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.

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.

Argentina to tighten import controls to preserve reserves

23-08-2022 12:49 Argentina's government will impose restrictions to discourage imports in the coming days and protect reserves.

Argentina asked crop exporters to bring US$1 billion next week

12-08-2022 14:34 Government asks top crop export and processing firms to make sales equivalent to US$1 billion over the next week as it seeks to bolster Central Bank reserves.