News of devaluation

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

ECONOMIC TURBULENCE

Government warns 'long and painful' recession lies ahead

08-09-2018 10:16 President Mauricio Macri begins week by announcing austerity package, Central Bank chief Luis Caputo ends week with honest assessment of economic outlook, as peso calms slightly against the dollar.

EXCLUSIVE INTERVIEW

'Export duties will help balance the fiscal situation'

08-09-2018 09:42 Rodrigo Álvarez, CEO of the Analytica consultancy firm, on the crisis and what lies ahead for the economy in 2019.

by Fermin Koop

ECONOMIC QUESTIONS

Corruption, he wrote

11-08-2018 13:05 Inflation is such an acute everyday aggravation that it becomes all too easy to forget that devaluation might well be twice as fast – around 70 percent by the end of the year according to various estimates.

by Michael Soltys

DEVALUATION CRISIS

Numbers of Argentines travelling abroad declines after devaluation

11-08-2018 12:57 A 2.6% decline was registered in June compared to the same month last year.

DEVALUATION AND CRISIS

Chairman Macri and the Austrian dilemma

14-07-2018 08:03 Macri needs to lay out a plan to recover productivity across major economic sectors which includes lowering taxes while broadening the base by disincentivising informal labour.

by Agustino Fontevecchia

DOLLAR HOVERING NEAR 21.50p

Argentina's Central Bank hikes key rate to 40% to support peso

04-05-2018 12:23 Argentina’s Central Bank has hiked its benchmark interest rate to 40 percent to support the peso after it plunged in value.