News of us treasury

Cabinet

Fernández appoints Martin Guzmán as economy minister

Yesterday 19:57 "I have great confidence in him. He's a young man who is very prepared, and we have worked together for weeks," says Fernández.

TRANSITION 2019

Sandleris confirms resignation as Central Bank chief

05-12-2019 06:58 Central Bank chief confirms he will resign post ahead of December 10 handover. Argentina's monetary institution has had 61 presidents in the 84 years since its founding.

BLOOMBERG

Argentina running dangerously low on dollars to pay back debt

12-11-2019 17:18 Argentina must repay US$5 billion by the end of 2019. It doesn’t have much to work with.

ECONOMIC INDICATORS

Central Bank alters 2019 forecasts: 3% drop in GDP, inflation at 55.6%

05-11-2019 14:15 Monthly survey carried out by Central Bank downgrades forecasts for Argentina's economy.

CURRENCY CONTROLS

Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad

31-10-2019 22:10 The move comes three days after the Central Bank sharply tightened currency exchange controls to stem a surge in capital flight.

signs from Washington

US tells Fernández it expects him to 'uphold commitments' in IMF deal

31-10-2019 09:56 US Treasury Secretary Steven Mnuchin tells incoming government that Washington expects Argentina to uphold its commitments laid out in IMF loan package.

CENTRAL BANK

Sandleris asks for 'basic consensus' to ensure Argentina grows

16-10-2019 08:29 "If we manage to build basic consensus, our economy can leave behind instability and crisis, so that we can begin to grow steadily and begin to lower inflation," declares Central Bank chief.

BLOOMBERG

Central Bank raises rate floor to 78% as prices soar

18-09-2019 21:27 The rate floor will lower to 68% for all of October, while Central Bank officials project that Argentina’s monetary base will grow at a monthly rate of 2.5% in September and October.

BLOOMBERG

With controls in place, Central Bank cuts 85% rate, buys dollars

18-09-2019 14:08 Institution's move to choke off dollars hands peso some breathing room, with Central Bank buying dollars for first time in seven months.

ECONOMIC INDICATORS

New Central Bank survey predicts 55% inflation in 2019

04-09-2019 09:46 GDP anticipated to contract by 2.5% this year, survey of economists and consultancy firms reveals.

ECONOMIC INDICATORS

Peso slumps to 60 per dollar, country risk rating hits 14-year high

28-08-2019 15:57 Currency has slumped against the dollar again over the last few days, just as tensions between the government and the opposition have picked up.

BLOOMBERG

Bond investors keen to hear from Alberto Fernández's economic advisors

27-08-2019 12:24 Money managers including BlackRock, Goldman Sachs and others have made contact with advisers to Alberto Fernández, with some pleasantly surprised by what they've heard.

CHANGE AT THE TREASURY

Peso stability a priority, declares new Finance Minister Hernán Lacunza

20-08-2019 13:46 "Guaranteeing the exchange rate is a first-order objective," says Lacunza, who also promises that Argentina would keep 2019 fiscal targets set in alignment with IMF.

POST-PASO TURBULENCE

IMF in talks with Argentina, will send team to Buenos Aires 'soon'

20-08-2019 12:32 Fund says it is continuing discussions with Argentina and will send a mission to Buenos Aires in the near future, as newly-installed Finance Minister Hernán Lacunza vows to stabilise currency.

CHANGES IN CABINET

Dujovne resigns from government with Lacunza set to replace him

17-08-2019 19:49 Hernán Lacunza to move from Buenos Aires Province government to replace Nicolás Dujove, after Treasury and Finance minister resigned post on Saturday. Lacunza's number two, Damián Bonari, to head Province's Economy Ministry

Crisis in Venezuela

US sanctions Cuban firm to weaken Maduro's hold in Venezuela

03-07-2019 15:38 The US claims that Cuba's state-run oil shipping firm Cubametales is a key player in propping up Venezuela's President Nicolás Maduro.

ARRESTS

US sanctions Argentina-based online pharmacy Goldpharma

23-05-2019 14:50 Online pharmacy Goldpharma and eight Argentine citizens designated as significant foreign narcotics-traffickers by US officials for allegedly selling illicit opioids to customers located in the United States. Local authorities arrest five people, including three who were requested by the United States.

BLANQUEO

Report claims Dujovne whitewashed more than 20 million pesos in tax amnesty

21-04-2018 11:12 Report by Noticias magazine raises questions over tax evasion. Treasury minister chooses not to respond to specific questions, saying that the information is confidential and was leaked by a “criminal gang.”