MONETARY POLICY Argentina overcomes key hurdle impeding end of currency controls 20-07-2024 17:53 Central Bank buys back majority of put options from financial entities, bringing President Javier Milei one step closer to lifting currency controls.
IMF ON ARGENTINA IMF denies there is ‘specific timetable’ for new Argentina deal 11-07-2024 16:48 Julie Kozack, the Fund's communications director, contradicts claims by Economy Minister Luis Caputo that talks about new financing deal are underway and an agreement could be sealed this year.
POLITICS – ANALYSIS Milei under pressure for the first time 06-07-2024 05:59 If the doubts regarding Milei’s capacity to preside over Argentina were tied to governability risk, Caputo’s are connected to credibility risk: it’s difficult to see how the current policy framework can be sustainable in time. by Agustino Fontevecchia
FOREIGN CURRENCY RESERVES Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt 26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.
NEW IMF PROGRAMME? Caputo says Argentina will seek new IMF programme to exit 'cepo' 11-06-2024 12:57 Economy Minister Luis Caputo says President Milei’s government intends to “negotiate a new programme” with the International Monetary Fund that will allow Argentina to remove currency controls.
OIL & GAS Oil driller’s 1,400% world-beating rally hinges on Milei reforms 23-05-2024 13:52 Vista Energy boss Miguel Galuccio knows shale. But his plans lie in the hands of President Javier Milei.
ECONOMY Milei says Argentina is ‘very close’ to lifting FX controls 15-05-2024 17:00 “The truth is that we’re very close to lifting” currency controls, Milei said Wednesday at a conference in Buenos Aires, without providing more specifics on timing.
CURRENCY CONTROLS Argentina to offer bonds in first step to lift currency controls 26-04-2024 13:33 President Javier Milei's government readying a new instrument to allow companies to send dividends abroad, a first step to lift a cobweb of restrictions in its foreign-exchange market.
BLOOMBERG Caputo speech at JPMorgan event helps propel Argentine bonds 18-04-2024 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.
BLOOMBERG INTERVIEW Milei sees long slog ahead to bring Argentina reforms he pledged 05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected.
FINANCE Milei seeks US$15 billion for removal of currency controls 18-03-2024 11:24 President Javier Milei says he would open up restrictions on foreign currency immediately if he has US$15 billion; Money could be provided by the IMF, multilateral bodies, private investors and even “some countries."
ECONOMIC POLICY Milei sets June deadline for lifting of capital controls 08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.
IMF DEBT PROGRAMME IMF authorises US$4.7 billion loan tranche, says Milei will remove currency controls 01-02-2024 18:25 International Monetary Fund signs off on fresh loan disbursement and reveals Argentina will lift currency controls this year – though it warns political and social unrest may lie ahead.
BLOOMBERG – ANALYSIS ‘There is no money’: Argentina begins economic shock remedy 13-12-2023 11:41 Measures include 54% peso devaluation, additional 2% a month; Plan seen as step in the right direction, perhaps insufficient by traders.
PRESIDENT MILEI Argentina rally put to test as challenges await Milei 09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.
Presidential handover Argentina stops banks from hoarding dollars ahead of devaluation 07-12-2023 13:34 Central Bank limits amount of foreign currency the nation’s commercial lenders can hold, in a push to discourage US dollar hoarding ahead of an expected devaluation by president-elect Javier Milei.
ECONOMIC POLICY Dollarisation is medium-term goal, Luis Caputo tells bankers 24-11-2023 22:06 Luis Caputo, who is leading Javier Milei’s economic team during the transition, tells banking executives in Buenos Aires that currency controls won't be lifted immediately and that dollarisation is a medium-term goal.
FX MARKET Gov't depletes room to intervene in currency futures ahead of election 20-10-2023 16:47 Central Bank almost out of room to intervene in currency futures, the main avenue it’s been using to prop up the plunging peso.
BLOOMBERG – ANALYSIS Recession, inflation, devaluation: Economic troubles in 5 charts 19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.
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.
CURRENCY CONTROLS Lacunza, Milei both warn against lifting FX controls suddenly 28-06-2023 10:26 Two opposition figures in Argentina with differing views struck the same chord Tuesday, warning against lifting the country’s strict currency controls right away when a new government takes office in December.
DEBT INTERVENTION Córdoba to meet debt payment after court blocks capital controls 07-06-2023 17:38 Argentina's Córdoba Province to meet debt payment after a court blocked government's latest capital controls.
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.
BLOOMBERG - ANALYSIS Argentina slams on the brakes, keeps foot on accelerator 27-04-2023 23:10 Argentina's Central Bank just raised its rate by 1,000 basis points. What appears to be a sharp brake is too little too late. And it won't save the peso.
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.
CURRENCY CONTROLS ‘Dolár Malbec’: Argentina plans new exchange rate for wine producers 05-03-2023 08:42 New ‘wine dollar’ set to join country’s alphabet soup of parallel exchange rates, confirms Sergio Massa; Measure set to kick in April 1, with value set to be defined in next 20 days.
WAR ON INFLATION 'Like James Bond' – Price spies fan out to fight inflation 15-02-2023 00:07 A group of ordinary citizens are volunteering their time to police stores' adherence to price controls proposed by the government to curtail spiralling inflation.
PRICE HIKES Argentina’s latest unorthodox tool to combat inflation: AI 05-02-2023 08:31 Argentina has come up with a new tool to keep track of price increases: artificial intelligence.
Bloomberg Argentina must avoid ‘hot money’ pitfall, top economist says 28-12-2022 18:17 Influential Carlos Melconian details recommendations he is drafting for a more business-friendly government to enact following the 2023 elections.
BATTLE AGAINST INFLATION Fuel suppliers join price control scheme with 4% monthly cap 29-11-2022 11:07 Major oil firms sign up to Sergio Massa’s new price control scheme, agreeing to cap increases in a bid to tackle inflation and keep costs at the pump down.
PRECIOS JUSTOS Massa confirms price controls for 1,400 products on way 11-11-2022 10:40 Economy Minister Sergio Massa reveals that more than 100 companies have signed up to ‘Precios Justos’ price controls scheme, as he admits “the situation is critical.”
ECONOMY & POLITICS Government creates new exchange rate for provincial economies 07-11-2022 17:13 Economy Minister Sergio Massa says government will create new temporary exchange rate for provincial economies.
EDITORIAL Stating the less than obvious 22-10-2022 06:20 Understanding a problem is the most important half of the solution.
INTERNATIONAL MONETARY FUND IMF urges Argentina against ad-hoc FX policy with 100% inflation 14-10-2022 10:40 With inflation forecasts reaching 100% for the year, IMF Western Hemisphere Director Ilan Goldfajn cautions Argentine officials against “different FX measures or prices."
NEW MEASURES Argentina slaps new taxes on concerts, travel before World Cup 12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.