Bloomberg Argentina Economy Minister says she has strong political support 27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.
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 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.
NEW ECONOMY MINISTER Inflation, export duties and IMF: Silvina Batakis’ economic definitions 06-07-2022 23:00 Martín Guzmán’s successor considers that the escalation of prices is a multi-causal phenomenon and defends strong state regulation of the economy. For her, “wages must run ahead of inflation.”
BLOOMBERG - ANALYSIS Argentina's subsidy cuts mired in doubt under new minister 06-07-2022 22:14 Several analysts insist that a question mark hangs over Silvina Batakis’ commitment to spending cuts penned by Martín Guzmán and the IMF.
BLOOMBERG – ANALYSIS Three signs show that Argentina is heading to a devaluation 29-06-2022 22:02 Need to increase the monetary base to meet payments on peso debts and finance spending, plus a drop in agricultural exports and an increase in energy imports, all spell trouble for Argentina's currency.
Inflation & Currency Closing the 'escape valve' – Venezuela pursues de-dollarisation 06-05-2022 10:45 Venezuela is now trying to re-energise its own currency, the bolívar, which has been crippled by devaluation in recent years.
CRYPTOCURRENCIES Cryptocurrencies prove a lifeline in Argentina’s chaotic economy 10-03-2022 19:32 Workers are increasingly getting paid in cryptocurrency to circumvent exchange controls and to protect them from currency swings and 50 percent inflation.
BLOOMBERG Miguel Pesce: FX adjustment not included in IMF talks 02-12-2021 14:28 Negotiations to reach an agreement with the International Monetary Fund do not foresee an exchange-rate adjustment, said Central Bank chief Miguel Pesce.
ELECTIONS 2021: ANALYSIS 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
FINANCIAL TURBULENCE 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.
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 – ANALYSIS 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.
Bloomberg Argentina spawns another FX rate as government clamps down 15-07-2021 14:49 Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.
Securities regulator steps in Argentina imposes new restrictions on parallel exchange rates 11-07-2021 08:31 Government moves to limit operations in the parallel exchange rate known as the blue-chip swap rate.
BLOOMBERG Banco Galicia CEO: Inflation will keep battering banking returns 19-02-2021 12:42 Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
FINANCIAL TURMOIL Economy Ministry to halt Central Bank advances until end of 2020 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.
IN FOCUS Economy Ministry takes steps to relieve pressure on currency markets 21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.
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 abandoning a trade that hedged currency risk 14-09-2020 16:02 Dollar-linked instruments in the local market are being abandoned amid speculation government will create a weaker parallel exchange rate while giving investors less favourable terms.