BILLS, BILLS, BILLS Argentina to issue 20,000-peso bills as inflation eclipses 211% 12-01-2024 09:55 Argentina is preparing to offer larger denomination peso bills in an attempt to simplify daily transactions.
Election 2023 Argentina’s banks load up on liquidity before weekend’s election 15-11-2023 13:02 Local banks load up on the most liquid assets to ensure they could accommodate a potential surge in peso withdrawals ahead of run-off vote.
Currency woes A US$500-million cash pile at Argentina’s main airport unnerves banks 19-10-2023 00:06 Banks have seen a sharp increase in dollar withdrawals at their branches ahead of the election. Forced to import cash to meet the surge in demand, a government move meant to stem “irregularities” in foreign trade has compounded concerns.
NATIONAL ICONS Kiosco de barrio: Why Argentines remain local to their local shop 19-04-2023 22:01 Despite the growth of chain stores, this typically Latin American business remains a family one. Inspiring customer loyalty and offering a friendly ear, 70% of Argentines visit once a week, a new survey reveals. by Enrique Garabetyan
BLOOMBERG Ghost banks limp along in Argentina, staying open as costly ATMs 10-01-2023 17:44 Ghost branches — no longer serving clients who require anything beyond an ATM, but not technically closed — have become a common sight in Argentina. As customers increasingly do their banking via smartphone apps and online, providers are pushing to close physical locations. But regulators won’t let them.
CURRENCY WOES Tourists pay with wads of cash as inflation nears 100% 27-10-2022 16:04 Paying with cash is becoming increasingly cumbersome in Argentina as inflation gallops toward 100%.
FEATURE Cash-strapped Argentina goes all or nothing on new economy chief 15-09-2022 15:55 New ‘super’ minister has undoubted political clout and scored early wins in Washington – but Sergio Massa’s presidential ambitions depend on avoiding economic meltdown
NEW MEASURES Argentina seeks to shift all-cash workers into payroll jobs 30-08-2022 15:06 Policy aims to target welfare recipients who opt for informal, all-cash jobs to avoid losing government benefits and persuade them to stay in the system.
BLOOMBERG MercadoLibre posts record revenue, braces for macro jitters 06-05-2022 09:08 Latin American e-commerce retailer grew its revenue more than forecast in the first quarter; Company plans to invest some US$10 billion across the region this year.