AGRICULTURE & ECONOMY Argentina running out of soy adds to next president’s economic woes 16-11-2023 19:05 After the worst drought in six decade, farmers are running out of the very commodity that fuels Argentina’s economy.
'CEPO' ON WAY OUT? Baffling Argentina FX rates on borrowed time as election nears 17-10-2023 16:02 The hodgepodge of currency controls put in place in Argentina is likely in its last days.
CURRENCY WOES Argentina’s black market peso rate tops 1,000 per dollar 10-10-2023 15:10 Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp sell-off before the October 22 presidential election.
CURRENCY WOES 'Blue dollar' hits 1,000 – pre-election jitters send peso to new lows 10-10-2023 12:25 Argentina's parallel 'blue dollar' broke through the symbolic 1,000-peso mark in parallel markets on Tuesday as citizens scrambled to dump the currency.
ENERGY & GAS Massa launches ‘Dólar Vaca Muerta,’ seeking US$1.2 billion 28-09-2023 09:09 Economy minister and ruling coalition presidential candidate looks to boost reserves and trim possibilities of exchange rate tensions in lead-up to general elections.
AGRICULTURE & ECONOMY 'Soy dollar' back with 25% foreign currency available to exporters 05-09-2023 12:17 Fifth edition of the 'Export Increase Programme' this time does not include unique exchange rate; Applies to exporters from last 18 months; Details of the new decree and the sector's reaction.
Currency crisis Argentine peso to slide 70% by next year, predicts Bank of America 16-08-2023 11:54 The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according to Bank of America strategists.
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.
FINANCIAL TURBULENCE Financial turbulence: ‘Dólar blue’ hits 600 per greenback 09-08-2023 21:35 Parallel exchange rate passes psychological barrier of 600 pesos per dollar in lead-up to this weekend’s PASO primaries.
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.
FINANCIAL TURBULENCE 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."
FINANCIAL TURBULENCE Economy minister vows to use ‘all tools’ to stop peso’s slump 25-04-2023 15:10 Argentina’s Economy Minister Sergio Massa vowed to staunch a collapse in the nation’s parallel currency rates as the peso’s worth slumps to record lows.
FINANCIAL TURBULENCE Massa to use ‘all state's tools’ to counter exchange rate turmoil 25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.
FINANCIAL TURBULENCE Massa rejects devaluation speculation as peso sinks 22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.
POLITICAL AND FINANCIAL INSTABILITY $420: The ‘elegant’ dollar 22-04-2023 06:23 This is the level of tension and uncertainty with which the Casa Rosada, the Economy Ministry, and Vice-President Cristina Fernández de Kirchner’s closest allies live, the day-to-day vicissitudes of a failing administration. by Agustino Fontevecchia
POLITICS Fernández, Massa put on united front in bid to reassure markets 20-04-2023 20:57 President Alberto Fernández and Economy Minister Sergio Massa look to turn the page after week of political and financial instability.
DOLLARS & RESERVES Government's bid to bring in dollars stumbles as peso falls faster 20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.
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.
EXCHANGE RATE SCHEME Governors push back on criticism of Massa’s ‘dolár agro’ scheme 06-04-2023 19:27 New plan offers a rate of 300 pesos per greenback for agro-industrial exports; Governors push back from criticism from agricultural producers.
POLITICS & ECONOMY Mixed reaction as Massa looks to boost reserves with ‘dolár agro’ rate 06-04-2023 01:09 Economy minister unveils Programa de Incremento Exportador, otherwise known as a third incarnation of the ‘soy dollar’ scheme; New plan will offer a rate of 300 pesos per greenback for agro-industrial exports and introduce automatic benefits for producers affected by drought.
DOLAR AGRO Argentina rolls out special exchange rate to prop up reserves 05-04-2023 19:16 Argentina will once again introduce a temporary exchange rate for soybean exports and other products in an elaborate attempt to shore up dwindling Central Bank reserves amid a devastating drought.
NEW EXCHANGE RATE Argentina debuts ‘Dollar Malbec’ to aid exports amid drought 31-03-2023 10:16 Economy Minister Sergio Massa confirmed Thursday he’s rolling out a temporary, subsidised exchange rate for wine and other agriculture products, dubbed the “Dollar Agro” or “Dollar Malbec” by the local press.
NEW RATE ON WAY Massa announces new 'dolár agro' exchange rate 30-03-2023 23:20 Argentina looks set to unveil yet another new exchange rate – Sergio Massa's new 'agro dollar' will be used for agricultural products and is another bid to boost Central Bank reserves.
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.
WHAT LIES AHEAD IN 2023 Economy 2023: inflation and austerity in an election year 11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.
EXCHANGE MARKET Argentina’s black-market peso slumps to record ahead of holidays 29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.
EXCHANGE MARKET Argentina’s elaborate ploy to lure tourists has begun 21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.
Agriculture 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.
Central Bank reserves Argentina to brings back exchange rate that led to IMF exception 26-11-2022 08:01 Economy Minister Sergio Massa to revive 'soy dollar' currency measure to boost soy exports and prop up Central Bank reserves that generated backlash from the International Monetary Fund.
HUNT FOR GREENBACKS Government tries to tempt tourists in search for dollars 04-11-2022 00:07 Authorities to let tourists use their credit and debit cards to tap more generous parallel new exchange rate in bid to boost Central Bank reserves.
CURRENCY CONTROLS Argentina lets tourists tap parallel FX rate to bring in dollars 03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).
CURRENCY CONTROLS 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 MEASURES 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.
BLOOMBERG – ANALYSIS From Coldplay shows to the World Cup, Argentina mixes exchange rates 12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.
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.
GOVERNMENT & POLICY Massa unveils export stimulus programme for tech sector 05-10-2022 10:36 Scheme aims to boost technology exports to US$10 billion next year, says economy minister.
Agriculture 'Soy dollar' exports boost Central Bank reserves by US$7.6 billion 01-10-2022 11:31 Sergio Massa's 'soy dollar' exchange rate prompts producers to sell more than US$7.6 billion in grains, boosting Central Bank reserves.
WORLD ECONOMY Strong US dollar an unstoppable force endangering other currencies 30-09-2022 14:19 The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a severe currency crash that could reverberate around the world.
Agriculture 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.
Agriculture Soy exporters race to exploit new ‘soy dollar’ exchange rate 07-09-2022 17:21 More than two million tons cashed in the first two days of Sergio Massa’s new scheme to boost Central Bank reserves.
MONEY MARKETS 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.
Agriculture Government creates new foreign exchange rate for soy exporters 05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.
AGRICULTURE Government eyes FX incentive for soy exporters in bid for dollars 01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves.
Bloomberg Argentina unveils currency measures as black-market peso slumps 21-07-2022 19:28 Foreign tourists can exchange up to US$5,000 in a new exchange rate revealed by the government, which is attempting to perk up the currency after a slump for the ‘dólar blue'
Bloomberg Argentina’s black-market peso hits record as crisis mounts 20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.
BLOOMBERG Argentina’s black market peso sinks on economy minister shake-up 04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.
Finance & Markets 'Blue dollar' continues to rise amid financial turbulence 28-06-2022 17:46 Parallel dollar quoted at 239 for sale, reaching 242 in some provinces; Country risk soars to record high.