News of bank reserves

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.

Argentina says China will increase swap line by US$5 billion

15-11-2022 21:36 China will increase its currency swap programme with Argentina by 35 billion yuan (US$5 billion), President Alberto Fernández tells reporters.

From Coldplay shows to the World Cup, Argentina mixes exchange rates

12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.

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.

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.

Government eyes FX incentive for soy exporters in bid for dollars

01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves. 

Central Bank asked exporters to help bolster reserves

01-07-2022 15:50 Central Bank asks crop exporters to sell more dollars than they were planning this month so that the country’s reserve level will rise to meet an upcoming target for its US$44-billion programme with the International Monetary Fund. 

Fernández vows to comply with IMF objectives as crisis talk grows

01-07-2022 11:33 Peronist leader says Argentina is committed to reducing fiscal deficit and boosting Central Bank reserves, despite renewed talk of financial crisis.

Argentina receives US$9.7B after IMF board signs off on debt deal

25-03-2022 20:36 IMF chief Kristalina Georgieva warns that “risks” lie ahead, concedes “early recalibration” of programme may be necessary.

IMF approves Argentina’s US$45-billion deal already facing risks

25-03-2022 16:40 The International Monetary Fund has approved Argentina’s US$45-billion agreement, the final step to cement a deal that’s already facing economic and political challenges. 

Senate set to open debate on government's IMF bill

13-03-2022 21:25 IMF bill due to reach Senate Budget Committee on Monday, with the ruling coalition wanting it approved by the end of the week.

Fernández de Kirchner hits out at ‘paradoxical’ attack on her Senate office

11-03-2022 16:40 Vice-president and Senate chief expresses dismay at "paradoxical" attack on her Senate office during protests against government's International Monetary Fund debt bill.

Lower house prepares to vote on IMF deal, approval likely

10-03-2022 23:16 Argentina's lower house on track to approve government's deal to restructure its US$45-billion debt with the International Monetary Fund in a session just after midnight; Senate still to vote; Protesters clash with police during demonstrations against deal outside Congress.

Government asks Congress to speed through passage of IMF deal

08-03-2022 21:17 President Alberto Fernández's government calls on Congress to "speed up" the treatment of its bill to refinance Argentina's US$45-billion debt with the International Monetary Fund.

Government posts IMF bill documents ahead of Congress debate

04-03-2022 22:58 Argentina on Friday released the text of a memorandum of understanding and accompanying documents that are part of the agreement it has reached with International Monetary Fund.

Details of the IMF agreement that the government has sent to Congress

04-03-2022 18:22 Agreement foresees Argentina registering inflation of up to 48% this year, economic growth of 4.5% and receiving IMF disbursements of more than US$24 billion until end of 2022.

Argentina has reached a deal with IMF staff, says president

01-03-2022 22:01 President Alberto Fernández announces government has reached an agreement with the staff of the International Monetary Fund on details needed to refinance the country’s loan with the Washington organisation.

IMF and Argentina engaged in ‘intense negotiations,’ says Fund official

18-02-2022 20:54 Government wants to send a bill to Congress containing details of a new IMF financing programme “before March,” according to Casa Rosada sources.

'Act of good sense' – President praises opposition support for IMF deal

12-02-2022 21:26 President Alberto Fernández praises opposition coalition's support for new IMF financing programme. saying he considered it to be an "act of good sense."

Government, opposition tell IMF Argentina is ready to ‘meet its obligations’

12-02-2022 09:59 Rare signs of unity as Frente de Todos and Juntos por el Cambio indicate they will support IMF agreement in Congress; Fund spokesman says staff are working closely with government officials to secure new financing deal "as quickly as possible."

by James Grainger