News of reserves

Lithium players race for breakthrough to meet electric car demand

30-08-2023 11:50 Dozens of firms aim to prove sceptics wrong as they push ahead with new lithium extraction methods.

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.

Argentina pays IMF as negotiations to continue in Washington

30-06-2023 21:44 Government makes two payments owed to the International Monetary Fund before a Friday deadline; Senior officials Leonardo Madcur and Gabriel Rubinstein to hold discussions over a new staff-level agreement next week in Washington. 

With bows and spears, Brazilian indigenous 'warriors' defend the Amazon

09-06-2023 18:20 Guardians of the Brazilian Amazon: indigenous "warriors of the forest" take a stand with bows and spears, confronting illegal activities and defending their land and resources.

Argentina is going broke to stall a full-on currency collapse

10-05-2023 15:25 Battle to prevent peso from facing a total meltdown is leaving the Central Bank, by some estimates, broke.

Central Bank reserves drop to lowest level since 2016

03-05-2023 12:44 Central Bank reserves slump to their lowest level since October 2016 as institution plunders state coffers to defend struggling peso.

Argentina to pay for Chinese imports in yuan instead of dollars

27-04-2023 00:16 Economy Minister Sergio Massa activates plan to boost dwindling reserves and agrees deal with Beijing that will allow Argentina to pay for Chinese imports in yuan instead of US dollars.

Indigenous Brazilians demand more land reserves

26-04-2023 12:11 Thousands of indigenous Brazilians gathered in the capital this week to demand the creation of new reserves on their ancestral lands.

Massa to use ‘all state's tools’ to counter exchange rate turmoil

25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.

Chile’s new lithium plan will scare off investors, says Canadian investor

25-04-2023 13:41 Chilean government’s plan to demand a controlling stake in all future lithium projects will deter investment and risks stalling the clean energy transition, says Canadian mining billionaire.

IMF calls for ‘stronger policy package’ from Argentina

02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.

Can they regain control?

01-04-2023 00:06 Once again, Argentina’s deep fragilities have surfaced as much-needed reform was replaced with kicking the can down the road, meaning that what could have been a relatively stable mediocrity all the way to the elections could be replaced with frequent turbulence.

by Agustino Fontevecchia

Argentina to change IMF net reserve target for third time

26-02-2023 08:46 Argentina and the IMF are discussing a smaller figure for net reserve accumulation in 2023, a cornerstone of the deal seen as the only major anchor providing some stability to the economy.

Argentina seeks fresh IMF approval – and US$5 billion in funds

21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.

Government moves ahead with second run at ‘soy dollar’ scheme

28-11-2022 12:35 Dólar Soja 2: Government hopes to boost reserves by US$3 billion with a second run at agroindustry-aimed programme.

Massa team on alert amid accelerating Central Bank reserves sales

22-11-2022 16:53 Argentina’s Central Bank had to sacrifice almost US$200 million in operations on the foreign exchange market last week.

Government tries to tempt tourists in search for dollars

04-11-2022 00:07 Authorities to let tourists use their credit and debit cards to tap more generous parallel new exchange rate in bid to boost Central Bank reserves.

Economists and businesses see a dollar drought on the horizon

03-11-2022 00:34 Private sector fears government's economic team will tighten restrictions on access to hard currency for purchase of inputs, creating a dollar desert drought until March.

Massa seeks more dollars, betting everything on 2023

07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.

'Soy dollar' exports boost Central Bank reserves by US$7.6 billion

01-10-2022 11:31 Sergio Massa's 'soy dollar' exchange rate prompts producers to sell more than US$7.6 billion in grains, boosting Central Bank reserves.