CURRENCY WOES In distorted Buenos Aires rental market, it's dollar vs peso Yesterdat 10:15 Renting in pesos and on a long-term basis is a titanic task in the capital, where temporary and dollar-denominated supply dominates the market.
FIFA U20 WORLD CUP Government creates US$50-million workaround for U-20 World Cup 19-05-2023 13:29 Just two days before the kick-off of the Under-20 World Cup, Argentina's government creates exceptional one-off exchange rate for the import of football equipment.
POLITICS – ANALYSIS Hanging on in quiet desperation 29-04-2023 05:35 The chain of events that will be most consequential in delivering the next inhabitant of the Casa Rosada have already been set in motion. They are irreversible. by Agustino Fontevecchia
BLOOMBERG - ANALYSIS Argentina slams on the brakes, keeps foot on accelerator 27-04-2023 23:10 Argentina's Central Bank just raised its rate by 1,000 basis points. What appears to be a sharp brake is too little too late. And it won't save the peso.
FINANCIAL TURBULENCE Massa rejects devaluation speculation as peso sinks 22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.
NEW EXCHANGE RATE Argentina debuts ‘Dollar Malbec’ to aid exports amid drought 31-03-2023 10:16 Economy Minister Sergio Massa confirmed Thursday he’s rolling out a temporary, subsidised exchange rate for wine and other agriculture products, dubbed the “Dollar Agro” or “Dollar Malbec” by the local press.
NEW RATE ON WAY Massa announces new 'dolár agro' exchange rate 30-03-2023 23:20 Argentina looks set to unveil yet another new exchange rate – Sergio Massa's new 'agro dollar' will be used for agricultural products and is another bid to boost Central Bank reserves.
CURRENCY CONTROLS ‘Dolár Malbec’: Argentina plans new exchange rate for wine producers 05-03-2023 08:42 New ‘wine dollar’ set to join country’s alphabet soup of parallel exchange rates, confirms Sergio Massa; Measure set to kick in April 1, with value set to be defined in next 20 days.
WHAT LIES AHEAD IN 2023 Economy 2023: inflation and austerity in an election year 11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.
OPINION 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
EXCHANGE MARKET Argentina’s elaborate ploy to lure tourists has begun 21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.
Central Bank reserves 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.
ECONOMY & POLITICS 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.
CURRENCY CONTROLS Argentina lets tourists tap parallel FX rate to bring in dollars 03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).
NEW MEASURES Argentina slaps new taxes on concerts, travel before World Cup 12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.
WORLD ECONOMY 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.
Poverty in Argentina Around 5.5 million children in Argentina living in poverty 29-09-2022 02:11 Child poverty affected 50.9% of Argentina’s population in the first half of 2022, according to the Permanent Household Survey (EPH) by the INDEC national statistics bureau.
ECONOMIC INDICATORS Poverty reached 36.5% in the first half of 2022 29-09-2022 02:05 According to government data, almost four out of every 10 people in Argentina are considered poor; More than half of children aged up to 14 years old live in poverty, with 5.3 million nationwide in extreme poverty.
BLOOMBERG – ANALYSIS Poverty remains above pre-pandemic level in early 2022 29-09-2022 02:00 Argentina's poverty rate remained above pre-pandemic levels in the first half of this year as high inflation eroded benefits of country's economic recovery.
ECONOMIC INDICATORS Unemployment dropped to 6.9% in second quarter, says INDEC 22-09-2022 18:38 Unemployment fell to 6.9% in the second quarter from 9.6% in the same period last year, according to official data, in large part due to the coronavirus pandemic.
Agriculture Argentine soybeans flood market just as US harvests bumper crop 11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.
Agriculture Soy exporters race to exploit new ‘soy dollar’ exchange rate 07-09-2022 17:21 More than two million tons cashed in the first two days of Sergio Massa’s new scheme to boost Central Bank reserves.
MONEY MARKETS Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates 06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.
Agriculture Government creates new foreign exchange rate for soy exporters 05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.
Currency crisis Economy Ministry set to introduce ‘tech dollar’ exchange rate for freelancers 26-08-2022 10:24 Portfolio headed by Sergio Massa is moving forward with plans to introduce a "monotributo tech" exchange rate for freelancers in the knowledge economy.
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.
DOWN 33% IN FIVE YEARS Average Argentine woman now gives birth to less than two children 28-04-2022 16:36 In 2020, Argentina’s fertility rate – i.e. the expected number of offspring for every woman – fell to 1.55, the lowest number in history, even below countries like Sweden or Norway. by Enrique Garabetyan
BLOOMBERG Central Bank raises key rate to 47% as inflation soars 13-04-2022 20:52 Central Bank raises interest rates for the fourth time this year after inflation data shows prices increasing at the fastest monthly pace in 20 years.
ECONOMIC INDICATORS Poverty fell to 37.3% in the second half of 2021 31-03-2022 15:55 Just over 37% of the population were living in poverty in the second half of 2021 – a drop of three points compared to the first half of the year, according to official data.
ECONOMIC INDICATORS INDEC: Unemployment dropped to 7% in fourth quarter of 2021 24-03-2022 15:54 National statistics bureau reports lowest joblessness rate since 2016 and highest employment rate in five 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.
ECONOMIC INDICATORS Argentina's unemployment rate fell to 8.2% in third quarter 21-12-2021 18:43 Year-on-year unemployment in Argentina fell by 3.5 percentage points in the third quarter of 2021 to 8.2 percent, according to official data.
ECONOMIC INDICATORS UCA: 65% of children in Argentina living in poverty 08-12-2021 09:45 According to UCA’s Social Debt Observatory, 43.8% of the country’s population was considered poor as of last October, a drop of almost a point on the previous year’s total of 44.7%.
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.
POVERTY Poverty in Argentina reached 40.6% in first half of 2021 01-10-2021 21:00 INDEC data shows extreme poverty in Argentina rose to 10.7% of population by end of June; Poverty rate down 1.4 percentage points from the second half of 2020.
ECONOMIC INDICATORS Unemployment dropped to 9.6% in second quarter 24-09-2021 02:27 Among men, unemployment affected nine percent of the economically active population in the second quarter, with the figure rising to 10.4 percent for women.
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.
TAX INITIATIVE Global tax floor of 15% would be ‘too low,’ says Guzmán 29-06-2021 08:37 Economy Minister Martín Guzmán says Argentina's position is that a global floor of 15 percent for corporate taxation would be “too low.”