Volatility roars back to Argentina's FX market on commodities drop
27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.
27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.
23-03-2022 15:42 Central Bank raises benchmark rate for the third time this year as inflation continues to speed up.
18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.
26-01-2022 18:34 Argentina's currency depreciated even further on parallel foreign exchange markets on Wednesday, hitting a record 221 pesos per US dollar.
07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy.
30-12-2021 13:10 Argentina's currency plunged on Wednesday on the parallel market, with the ‘blue’ dollar hitting a record high of 209 pesos, marking a 103 percent gap with the official exchange rate of 108.16 per greenback
30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'
28-11-2021 09:08 Productive Development Minister Matías Kulfas becomes the latest government minister to take to the airwaves to defend new Central Bank rules on credit card purchases in dollars.
12-11-2021 22:04 The so-called ‘Blue Dollar’ fell to 202 pesos per greenback on the last business day before the elections.
10-11-2021 22:49 Argentina's currency fell sharply on Wednesday in unofficial exchanges, with the so-called 'blue dollar' selling at an all-time high of 205 pesos.
08-11-2021 11:20 Incessant price rises and the runaway blue dollar are key concerns for the Peronist government as campaigning for Argentina’s midterm elections enters final week.
05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.
29-10-2021 15:02 Foreigners travelling to Argentina will be able to exchange up to US$5,000 to pesos at the more lucrative MEP (Medio Electrónico de Pagos) rate using a temporary bank account, according to new Central Bank rules.
25-10-2021 11:02 Argentina’s economy minister plays down rumours of an upcoming devaluation, declares that record US$57-billion IMF credit-line was “a political loan” that helped finance Mauricio Macri’s re-election campaign.
22-10-2021 21:56 Peso weakens in parallel and informal exchange rates, sending JP Morgan ‘country risk’ rate soaring.
22-10-2021 19:01 Argentina’s parallel exchange rate weakened past a key threshold on Friday, as demand for assets in hard currency climbed ahead of the upcoming midterm elections in November.
16-09-2021 10:24 Budget bill, presented to the Chamber of Deputies just before midnight on Wednesday, forecasts inflation reaching 33% in 2022.
04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments.
23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.
13-08-2021 14:11 Regulators tighten screws on so-called blue-chip operations, where investors buy assets in pesos and sell them abroad in dollars to obtain foreign currency.
03-08-2021 14:53 Central Bank sells greenbacks for the first time in three months, amid electoral nervousness and high inflation.
30-07-2021 17:29 Peru's currency fell to a record low against the US dollar on Friday as the Lima stock exchange dropped more than six percent amid uncertainty over the next finance minister.
28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.
23-07-2021 19:25 Argentina’s currency continues to depreciate in parallel exchange markets; Informal ‘blue’ dollar rate has risen by 17 pesos so far in July.
23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.
14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.
13-04-2021 22:16 Former president and host of former officials cleared of fraud in relation to futures contracts for the purchase of dollars; three-judge panel unanimously rules to dismiss allegations against vice-president, one of eight graft cases she faces in courts.
06-03-2021 09:42 Stories that caught our eye over the last seven days in Argentina.
06-03-2021 08:22 Benjamin Cohen, one of the founding fathers of International Political Economy (IPE), analyses the monetary aspect of the dispute between the United States and China, while detailing why he describes Argentina “is one of the saddest cases in economic history.”
04-03-2021 16:47 Vice-President Cristina Fernández de Kirchner let rip at Argentina's Judiciary on Thursday, accusing the courts of engaging in "persecution" against her as she gave testimony in graft case.
20-02-2021 08:18 Private bondholders group, who previously agreed to restructuring, accuse government of dragging its feet in talks with IMF to “continue its unsustainable policies even longer."
20-02-2021 07:56 Menem was the emblem of Argentina’s eternal aspiration to be a First World cosmopolitan society.
20-02-2021 07:12 The Fernández administration has doubled down on an economic strategy that appears aimed at winning this year’s midterm elections. Whether or not Economy Minister Martín Guzmán agrees with the plan is debatable.
23-01-2021 10:19 If Vaca Muerta is indeed a dead cow, then Argentina will end up importing fuel, a move which will surely cost more dollars than those denied YPF to service its debts.
14-11-2020 09:16 More of the usual will generate similar outcomes as we’ve seen in the past: stagflation, polarisation, and a growing bureaucracy. It’s time for our political class to take charge of the situation to avert another disaster.
12-11-2020 16:42 Argentina is resorting to all necessary means to reduce the gap between its official and parallel exchange rates.
09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.
03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.
02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.
31-10-2020 09:24 Both former presidents have given their blessing to an initial conversation that could work towards a broader social consensus.
30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.
24-10-2020 08:52 On October 17, the national government tried to regain the initiative. To some observers, Loyalty Day came and passed with some subtle but notable observations.
24-10-2020 08:08 Whereas classical economic theory suggests that markets create efficient prices through a cumulative aggregation of information, thus allowing market players to accede to perfect information, the current situation in the City Porteña is one of absolute price opacity.
24-10-2020 05:51 Argentina’s battle to control its currency is upending its economy, wreaking havoc on everything from household finances to the production and sale of common goods.
24-10-2020 05:44 Economy minister says currency will depreciate ‘hand-in-hand with inflation,’ as blue dollar soars to close at record high of 195 pesos per greenback.
22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.
21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.
17-10-2020 08:30 Dolár blue has risen by 11 pesos in past week alone, closing week at record high amid continued financial uncertainty.
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.