News of exchange

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.

Overnight 20% price jump supercharges inflation crisis

08-07-2022 11:15 Before the peso plunges even further and before retailers can jack up prices further, Argentines are rushing out to buy their essentials as soon as possible. 

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 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. 

Argentina’s Central Bank raises key rate to 42.5%

18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.

Argentina’s 50% inflation has crypto credit cards booming

16-02-2022 20:41 With inflation surging at a more than 50% annually, cryptocurrency exchange Lemon Cash plans to increase issuance of Bitcoin rewards cards this year.

Argentina takes axe to soy forecast, outpacing USDA's reduction

13-01-2022 15:59 Argentina’s key agriculture areas have been hit by intense and prolonged heat, coupled with little or no rain.

Central Bank hikes rate for first time in a year

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. 

Argentina pitches its weak currency to attract digital nomads

02-12-2021 14:08 To make up for lost tourism, Buenos Aires wants international remote workers to take advantage of favourable exchange rates.

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

Currency turbulence continues in lead-up to midterms

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.

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

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.

Importing no less important

09-10-2021 12:12 Everybody hails the importance of exports. Imports have no such luck.

by Michael Soltys

IMF’s special drawing rights gives boost to Central Bank reserves

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.

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.

Blue dollar rises to 185, highest price since October

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.

Not even 50% inflation will make Argentina boost interest rates

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%.