News of dollar

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.

2022: the errors of the economists

29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions

by Gustavo González

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. 

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.

Massa seeks more dollars, betting everything on 2023

07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.

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. 

Debt has grown almost US$3 billion a month for last year

26-08-2022 11:11 Last month, the gross debt in a situation of normal payment rose to US$378.307 billion – around US$17 billion more than at the start of the year and US$35.747 billion more than July last year. In other words, the current fiscal deficit is close to three percent of gross domestic product, far from the targets pledged to the International Monetary Fund (IMF), whose review will begin in a few weeks. To meet them, the Central Bank would have to recover almost US$6 billion of reserves by December.

Argentines withdraw US$1 billion from bank accounts amid turmoil

23-08-2022 21:23 More than US$1 billion of dollar deposits have been withdrawn since former economy minister Martín Guzmán resigned in July.

The fateful 30th month of the Fernández-Fernández administration

02-07-2022 07:00 President Alberto Fernández has been hit by a crippling run on the peso that has stretched out over several weeks during the 30th month of his Presidency, as an exhausted economic model has failed to generate confidence and Central Bank reserves.

by Agustino Fontevecchia

Argentina remains hooked on ‘dollar-dependence’

30-06-2022 00:37 Argentines do their accounts in dollars, traumatised by recurrent economic crises and tormented by the inflation that is eating away at their pockets and is projected to exceed 60% this year.

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.

Argentina's Central Bank raises key rate to 44.5% as inflation heats up

23-03-2022 15:42 Central Bank raises benchmark rate for the third time this year as inflation continues to speed up.

Blue dollar soars to record high as New Year draws closer

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

Central Bank reserves at the limit as rumours swirl around Argentina

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.'

by Brenda Funes

Inflation, exchange rate turmoil complicates government’s election hopes

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.

by Mirta Fernandez

Currency turbulence continues: Blue dollar closes at 199

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.

Argentina's peso weakens past key level in parallel market

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.

Argentina's 2022 Budget sees primary deficit falling to 3.3%

16-09-2021 10:24 Budget bill, presented to the Chamber of Deputies just before midnight on Wednesday, forecasts inflation reaching 33% in 2022.

Central Bank sells dollars for first time since April

03-08-2021 14:53 Central Bank sells greenbacks for the first time in three months, amid electoral nervousness and high inflation.

Peru's currency plummets amid political uncertainty

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.