News of pesos

Savers buying up dollars after Milei lifts currency controls

Yesterday 12:08 Savers are going back to the bank to buy dollars after President Javier Milei granted them complete freedom to do so.

CENTRAL BANK MANOUEVRES

Argentina takes steps to dollarise and holds key rate

17-01-2025 11:49 Argentina’s Central Bank said payment intermediaries will have to enable debit card transactions in US currency by February 28, marking a key step in President Javier Milei’s pledge to dollarise the economy.

POLITICS

Entre Ríos senator detained in Paraguay with US$200,000 in cash

04-12-2024 16:23 Senator for Entre Ríos Province Edgardo Kueider arrested on Paraguayan border carrying US$200,000 and 600,000 pesos in cash; Arrest of Peronist lawmaker, who has distanced himself from Kirchnerism and backed Javier Milei’s government in key votes, confirmed by Paraguayan authorities.

'Shock Therapy'

Clamour for pesos leads banks to tap repo market

23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.

CURRENCY WOES

Bitcoin is trumping dollars for many inflation-weary Argentines

19-03-2024 14:59 Argentines are buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars.

Living with inflation

The Odyssey: Making it to the end of the month amid runaway prices

07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt.

by Agustina Bordigoni