News of capital controls

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

Bloomberg

Argentina loses emerging market status on FX controls

25-06-2021 01:55 Argentine stocks were cut from emerging market status by index provider MSCI Inc on the country’s continued capital controls.

Bloomberg

Crypto mining booms on cheap, subsidised energy in Argentina

31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.

Bloomberg

Government's plan to stabilise rents sends prices skyrocketing in BA

16-04-2021 10:58 Landlords in Buenos Aires have raised the rent on apartments more than 60% ahead of a new law that gives the government control over price increases.

BLOOMBERG

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

BLOOMBERG

Argentina gives Templeton, Pimco chance to trim peso holdings

09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.

Bloomberg

Pesce, Guzmán split over curbs on dollar purchases

17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.

BLOOMBERG

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

Bloomberg

Argentina bonds fall with tighter foreign-exchange controls

16-09-2020 23:23 Argentine bonds fell Wednesday after the government expanded restrictions on foreign exchange in an attempt to hold onto US dollars as reserves dwindle.

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.

ECONOMIC INDICATORS

Just seven properties were sold in Buenos Aires City in April

27-05-2020 15:05 Just seven properties were sold in the capital last month amid the coronavirus lockdown – a 99.7 percent drop in comparison with the same month last year.

CAPITAL CONTROLS

‘Strict’ foreign-exchange controls to stay in place, says Kulfas

05-01-2020 08:26 “In the current context, strict exchange rate regulations are inevitable,” says production minister

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.

'Cepo total'

US$200 limit: Central Bank tightens currency controls in wake of election

28-10-2019 01:03 The move looks to preserve international reserves during the political transition but risks causing the black market exchange rate to skyrocket.

BLOOMBERG

Argentina's business elite are desperate to hear an economic plan

22-10-2019 14:08 Executives are resigned to the fact that Macri is going to lose the presidential election, so now they just want to know what Alberto Fernández's plan to save the economy looks like.

Bloomberg

Investors stuck in Argentina rush to local corporate bond market

11-10-2019 10:34 Foreign investors are starting to flock to Argentina’s usually sleepy local corporate-bond market, desperate to reinvest cash stuck in the country due to recently imposed capital controls.

BUENOS AIRES

Capital controls, sky-high rates crush local housing market

01-10-2019 08:56 The world’s highest interest rates and a currency that has lost 68 percent of its value since the start of 2018 has led to paralysis in Argentina’s real estate market. Home sales with a mortgage have plunged 87 percent in the province and city of Buenos Aires so far this year.

BLOOMBERG

The US$185-million bond payment that's overdue and stuck in Argentina

13-09-2019 15:55 Real-estate firm IRSA has the cash to cover a bond payment to foreign and local creditors. But then capital controls arrived – and everything got a lot more complicated...

BLOOMBERG

Argentine corporate bond funds stuck in limbo after controls

13-09-2019 10:15 Argentina unveiled a series of capital controls at the start of this month as President Mauricio Macri responded to a plunging peso draining government reserves after his poor showing in a presidential primary vote.

Bloomberg

Central Bank clamps down on loophole to gain from capital controls

12-09-2019 08:52 The monetary authority adds measures to curb trades aimed at profiting from capital controls.

BLOOMBERG

A money manager doubles down on crisis-ridden Argentina’s bonds

06-09-2019 14:31 Lutz Roehmeyer, CIO of Capitulum Asset Management, who has invested in other crisis-stricken countries like Nigeria, said Argentine short-term bonds "are a good opportunity."

FIRST COMMENT ON MEASURES

Macri tells business leaders capital controls are only 'emergency' measure

04-09-2019 16:16 "We don’t like these measures," president tells business leaders, adding that "they are only justified in an emergency and for a limited time."

EXPLAINER

From Argentina to China and India: a global guide to capital controls

04-09-2019 12:34 Argentina may have spooked investors with its imposition of capital controls over the weekend, but it’s scarcely alone among emerging markets in using them to stop money flying out in times of stress.

BLOOMBERG

Argentina returns to capital controls as Macri fights to survive

02-09-2019 09:16 Decision to impose currency controls represents a bitter irony for the pro-market President Macri, who set about dismantling them as soon as he took office in 2015.

CURRENCY CONTROLS

Lacunza: Currency controls 'necessary to avoid greater evils'

02-09-2019 08:52 "It is an uncomfortable measure for us that Argentina has already had," declares finance minister, who describes new restrictions as "transitory."

News of capital controls

Yields topping 14% lure investors to world’s best utility bond

Argentina loses emerging market status on FX controls

Crypto mining booms on cheap, subsidised energy in Argentina

Government's plan to stabilise rents sends prices skyrocketing in BA

Argentina’s peso mess is delivering windfall profits to brokers

Argentina gives Templeton, Pimco chance to trim peso holdings

Pesce, Guzmán split over curbs on dollar purchases

YPF leads Argentina corporate bond rout on new forex limits

Argentina bonds fall with tighter foreign-exchange controls

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

Just seven properties were sold in Buenos Aires City in April

‘Strict’ foreign-exchange controls to stay in place, says Kulfas

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

US$200 limit: Central Bank tightens currency controls in wake of election

Argentina's business elite are desperate to hear an economic plan

Investors stuck in Argentina rush to local corporate bond market

Capital controls, sky-high rates crush local housing market

The US$185-million bond payment that's overdue and stuck in Argentina

Argentine corporate bond funds stuck in limbo after controls

Central Bank clamps down on loophole to gain from capital controls

A money manager doubles down on crisis-ridden Argentina’s bonds

Macri tells business leaders capital controls are only 'emergency' measure

From Argentina to China and India: a global guide to capital controls

Argentina returns to capital controls as Macri fights to survive

Lacunza: Currency controls 'necessary to avoid greater evils'

US national security advisor set to visit Argentina, Brazil

Argentina makes US$334-million interest payment to IMF

Fishing vessels illegally target marine mammals in South American waters

IMF officially approves increased lending capacity

Fernández to appoint mayoral ally as minister in Cabinet reshuffle

Florencia Peña: "Estoy pensando en demandar a Fernando Iglesias, esto fue demasiado lejos"

Toyota no consigue 200 personas con secundario completo para trabajar en su planta de Zárate

Fernando Iglesias le respondió a Cecilia Nicolini luego de ser acusado de misógino en redes

Piden que Fernando Iglesias sea excluido del Congreso por comentarios "misóginos"

Carlos Rottemberg: "Con Luis Brandoni también fuimos a Olivos a ver a Alberto Fernández"