News of dollars

Central Bank asked exporters to help bolster reserves

01-07-2022 15:50 Central Bank asks crop exporters to sell more dollars than they were planning this month so that the country’s reserve level will rise to meet an upcoming target for its US$44-billion programme with the International Monetary Fund.

UNDECLARED WEALTH

INDEC: Argentines have more than US$360 billion in undeclared wealth

01-07-2022 11:04 INDEC puts a number on the colossal fortune Argentines are hiding from the tax authorities – according to the bureau, more than US$360 billion is stashed overseas or under mattresses, either in banknotes or invested in foreign funds and currencies.

POLITICS & ECONOMY

Can’t see the forest for the trees

21-05-2022 06:01 The internal struggles between Alberto and Cristina, along with the rift with the opposition, trivialise the issue of export duties and other much needed reforms that would allow Argentina to unlock its potential.

by Agustino Fontevecchia

BLOOMBERG

As rivals turn screws on mining, Argentina puts out welcome mat

11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.

TECH & TAX

Argentina's tech industry earning billions of dollars off the books

22-04-2022 16:30 Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group.

AGRICULTURE

Drought could trim a third of Argentina’s economic growth this year

18-01-2022 15:47 Dryness that’s parching soybeans and corn across Argentina’s Pampas crop belt will shave US$4.8 billion off the nation’s gross domestic product this year, according to one of the first analyses of the economic impact of the drought.

IMF DEBT TALKS

Argentina will make US$1.8-billion payment to IMF this month

30-11-2021 22:31 Argentina will make a US$1.8-billion payment to Fund on December 18, confirms International Economic Relations Secretary Cecilia Todesca.

NEW CENTRAL BANK RESTRICTIONS

Kulfas defends new rules: ‘Middle class has many options for the summer’

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.

FINANCIAL TURBULENCE

Government: New restrictions to protect reserves are ‘temporary’

26-11-2021 22:41 Presidential Spokesperson Gabriela Cerruti slams opposition "fear-mongering" following introduction of new Central Bank rules on credit card purchases.

EXCHANGE CONTROLS

Argentina tightens exchange controls to curb outflows of dollars

26-11-2021 03:06 Argentina’s Central Bank publishes two new measures intended to curb access to hard currency amid expectations for a devaluation.

BLOOMBERG

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

25-11-2021 15:23 Argentina's dollar bonds trade at an eight-month low. Slide comes just days after investors cheered outcome of midterm elections.

BLOOMBERG

Dollar-strapped Argentina eyes help from record grain exports

24-11-2021 17:17 Argentina's bumper wheat and barley crops and high prices are on track to give the government some breathing room with the peso.

BLOOMBERG

Argentina says banks must maintain USD position through end November

05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.

BLOOMBERG

Argentina will let foreign tourists bring in dollars at a lucrative rate

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.

Bloomberg

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

COURTS

Court tells daughter of Hugo Moyano to return cash seized in raid

01-09-2021 20:22 Judge tells Karina Moyano, daughter of veteran trade unionist Hugo Moyano, to hand over 600,000 pesos and US$434,000 within the framework of money-laundering and drug-trafficking probe.

POLICE OPERATION

Police bust counterfeit ring forging pesos, dollars on large scale

17-08-2021 21:26 Federal Police break up gang producing counterfeit money with series of raids, making 16 arrests. Police say fake bills were manufactured on a large scale and were of good quality.

by Leonardo Nieva

BLOOMBERG

Argentina tightens capital controls ahead of midterm elections

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.

BLOOMBERG

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.

CORRUPTION & THE COURTS

Ex-Public Works secretary José López seeks release from jail

17-04-2021 08:53 Former government official, who was found with millions of dollars and weapons in a bag outside a convent, seeks release after almost five years behind bars without a firm sentence.

NEW REPORT

Argentines have US$250 billion stashed outside financial system, says INDEC

03-04-2021 08:47 Deposits in bank accounts abroad,safety deposit boxes at home or hidden "under the mattress," shares, bonds all contribute to this total.

Bloomberg

Central Bank extends rules for companies to restructure dollar debt

26-02-2021 01:31 BRCA extends deadline for companies to restructure debt in dollars until December 31.

Financial turmoil

Fernández: Currency market is messy, it needs order

11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”

BUSINESS

Currency controls hit private companies in Argentina

10-10-2020 10:11 Capital controls were already a headache for private companies, but more drastic measures obliging firms to restructure their debts has delivered an even harder blow.

BLOOMBERG

Argentina’s new obsession is watching foreign reserves evaporate

05-10-2020 16:14 At brokerages and banks, the calls come in every day with the same question: How many dollars does the Central Bank actually have?

Bloomberg

Government to devalue peso faster while it fights reserves drop

01-10-2020 23:09 The Central Bank will end a policy of “uniform devaluation” and allow greater volatility, according to a statement sent by the institution led by Miguel Pesce after hours Thursday.

BLOOMBERG

Argentines are finding it almost impossible to purchase dollars

21-09-2020 19:28 Savers are finding it impossible to buy dollars through official channels as banks struggle to adjust to rule changes that tightened restrictions.

Bloomberg

Pesce, Guzmán split over curbs on dollar purchases

17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.

BLOOMBERG

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

CURRENCY CONTROLS

Central Bank tightens currency controls as peso weakens

16-09-2020 10:29 Central Bank tightens conditions for the purchase of foreign currency, to prevent hoarding, preserve reserves and discourage demand for US dollars.

Currency controls

Fernández hints at changes to US$200 greenback purchase quota

16-08-2020 08:01 Peronist leader says Argentina is facing high demand "from small savers," with knock-on effect for country reserves. Central Bank officials, however, say no changes are planned.

capital controls

Banks block accounts of those suspected of trying to circumvent dollar quota

17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.

News of dollars

Central Bank asked exporters to help bolster reserves

INDEC: Argentines have more than US$360 billion in undeclared wealth

Can’t see the forest for the trees

As rivals turn screws on mining, Argentina puts out welcome mat

Argentina's tech industry earning billions of dollars off the books

Drought could trim a third of Argentina’s economic growth this year

Argentina will make US$1.8-billion payment to IMF this month

Kulfas defends new rules: ‘Middle class has many options for the summer’

Government: New restrictions to protect reserves are ‘temporary’

Argentina tightens exchange controls to curb outflows of dollars

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

Dollar-strapped Argentina eyes help from record grain exports

Argentina says banks must maintain USD position through end November

Argentina will let foreign tourists bring in dollars at a lucrative rate

Argentina looks to mutual funds for additional local funding

Court tells daughter of Hugo Moyano to return cash seized in raid

Police bust counterfeit ring forging pesos, dollars on large scale

Argentina tightens capital controls ahead of midterm elections

Central Bank sells dollars for first time since April

Ex-Public Works secretary José López seeks release from jail

Argentines have US$250 billion stashed outside financial system, says INDEC

Central Bank extends rules for companies to restructure dollar debt

Fernández: Currency market is messy, it needs order

Currency controls hit private companies in Argentina

Argentina’s new obsession is watching foreign reserves evaporate

Government to devalue peso faster while it fights reserves drop

Argentines are finding it almost impossible to purchase dollars

Pesce, Guzmán split over curbs on dollar purchases

YPF leads Argentina corporate bond rout on new forex limits

Central Bank tightens currency controls as peso weakens

Fernández hints at changes to US$200 greenback purchase quota

Banks block accounts of those suspected of trying to circumvent dollar quota

Economy Minister Martín Guzmán resigns from government

Guzmán resigns as coalition divisions grow

Cristina achieves her goal: sacking Alberto's economic team

Paraguay president: Crew member of grounded plane ‘changed face’ in Cuba

Miguel Etchecolatz, unrepentant dictatorship-era torturer and killer, dies at 93

Recuperándose de una operación, Fernando Iglesias también "fue visitado por el Presidente"

Jair Bolsonaro probó alfajores argentinos y eligió su favorito: "Muy bueno, Viva Argentina"

Jorge Asís: "El presidente malherido se resiste a consultar a la señora vicepresidenta"

Razones del portazo: Alberto Fernández se habría negado a terminar con el manejo K de Energía

De Massa a Melconian: los nombres en danza para reemplazar a Guzmán