News of banking

MercadoLibre eyes more cross-border shipping in land of red tape

24-08-2020 07:00 Already Latin America’s biggest company by market value, e-commerce giant is embarking on a new strategy to look across borders and boost international sales.

E-commerce boom

Pandemic proves beneficial for Mercado Libre as profits soar

17-08-2020 15:44 Mercado Libre doubled its sales (volume and invoicing alike) during the second quarter this year as the coronavirus pandemic arrived, sending profits soaring and pushing the Argentine firm's valuation up to around US$55 billion.

capital controls

Banks block accounts of those suspected of trying to circumvent dollar quota

17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.

Post-quarantine plan

‘Segmented’ reopening of shops, factories on cards to avoid bankruptcies

08-04-2020 11:20 Business leaders and trade unionists witnessing a government shift from isolation to “social distancing,” in order to allow for a resumption of activities amid fears of bankruptcy.

by Patricia Valli

Coronavirus pandemic

Clearing banks freed to pay salaries during quarantine

25-03-2020 16:33 Central Bank to allow the financial system to resume processing cheques, in order to allow the payment of wages.

PESOS v DOLLARS

Dollars under the mattress: Argentina's preferred way of saving

01-03-2020 20:15 Hit it by decades of inflation, recessions and cyclical devaluations, many Argentines prefer to take refuge in the dollar as a way of saving and hide their money "under the mattress."

Bloomberg

Mobile banking app offers way to invest in low-risk mutual funds

14-11-2019 18:25 As Argentines seek to maintain the value of their savings amid capital controls and 50 percent annual inflation, the Ualá app believes it may have the answer...