News of devaluation

Fernández rules out devaluation, bank-deposit freeze at IDEA

17-10-2020 10:13 Peronist leader sticks to his guns over government policies, telling business leaders that his government is “convinced that this is the path.”

THE WEEK IN ARGENTINA

What we learned this week: October 10 to 17

17-10-2020 10:05 A round-up of stories that caught our eye over the last seven days in Argentina.

Exchange rate

Fernández says no devaluation of peso on the way

14-10-2020 08:09 Argentina’s government is not going to devalue the peso, President Alberto Fernández said Tuesday night amid widespread speculation on the issue.

NEW STUDY

Average wage fell 44.3% in dollar terms under Macri government, says study

20-02-2020 07:30 New report finds there has been a collapse of the average income in dollar terms since 2015, dropping from US$1,385 to just US$771 in four years.

BLOOMBERG - OPINION

John Authers: Trump doesn’t understand currency wars, either

02-12-2019 22:47 Any implication that Argentina is deliberately weakening its currency for competitive advantage is beyond absurdity.

Bloomberg

Central Bank seen seeking weak peso under Fernández

18-11-2019 12:17 Fernández has promised voters he will revive the economy from its slump. He now intends to make the Central Bank a centrepiece for that strategy.

ECONOMIC TURMOIL AFTER PASO ELECTION

Peso closes almost 20% weaker against dollar after chaotic week

17-08-2019 11:32 Abittersweet close to a week of unprecedented market turbulence fell short of turning Black Monday into Good Friday – both the exchange rate and country risk were below the week’s peaks at 57 pesos and 1,656 points respectively as the long weekend finally kicked in yesterday. But the rebound, as the week closed off, was accompanied by a steep double downgrade.

PASOS 2019

Pichetto: “This is a punishment from the middle class”

12-08-2019 13:59 The Peronist leader said after the stunning defeat of the Juntos por el Cambio ticket that it was a reaction from people who were hurt by the 2018 devaluation.

ELECTION 2019: ELECTION 2019

Argentina’s election won’t change its economic options

01-06-2019 12:05 Voters will have the last word in October, but whoever wins the election will face the same narrowing policy choices and even less room to improvise than Macri.

by Mac Margolis