News of central

Bank of China, JPMorgan among banks in US$2-billion repo

11-06-2025 21:49 Milei administration reaches agreement with seven private banks on a repurchase agreement of US$2 billion.

CENTRAL BANK MANOUEVRES

Argentina bonds rise on new measures to lure dollars

10-06-2025 20:46 Central Bank unveils a slew of measures aimed at helping the nation amass more hard-currency reserves.

CENTRAL BANK MANOUEVRES

Argentina eases bond auction rules in aim to lure more dollars

09-06-2025 22:10 Central Bank unveils slew of measures aimed at helping the nation amass more hard-currency reserves.

FOOTBALL IN ARGENTINA

Coming home as a champion

06-06-2025 06:26 For the people of Saavedra and Vicente López – and one half of Rosario – it feels like football has returned after years of wandering in the wilderness.

by Dan Edwards

(UN)HEALTHY RIVALRY

Newell's suspends nine-year-old footballers over rival player pic

05-06-2025 00:30 Newell's spark outrage by suspending six nine-year-olds from training and stripping them of scholarships – after they posed for a photograph with Central star.

Analysing Argentina

Milei chooses to ignore emerging consensuses

31-05-2025 06:23 With less than five months to the midterm vote, nothing seems to be standing in the way of a good result for the government. But Milei 2025 should already start thinking about Milei 2027

by Marcelo J. García

FOOTBALL TRANSFERS

Ángel Di María rejoins his boyhood club Rosario Central

29-05-2025 18:06 World Cup winner Ángel Di María is returning to domestic football to play for his boyhood club Rosario Central.

BACK TO MARKETS

Argentina sells peso bonds abroad for first time since Macri era

28-05-2025 23:49 Milei government says it has raised US$1 billion in first peso-denominated bond issuance in nine years.

MARKETS & BONDS

Argentina claims return to global markets with peso bond sale

26-05-2025 20:51 Argentina’s government will issue a five-year bond denominated in pesos that’s aimed at international investors who are allowed to purchase it in US dollars.

BUSINESS & INVESTMENT

Argentina signals to investors IMF cash to come despite reserves

23-05-2025 10:14 Argentina expects to receive a US$2-billion disbursement from the IMF next month, regardless of whether nation hits target for rebuilding foreign reserves.

BLOOMBERG - ANALYSIS

Inflation slowed in April amid currency policy change

14-05-2025 16:52 Annual inflation slowed for a 12th month to 47.3%, reports INDEC; Price increases were led by food and non-alcoholic beverages.

ECONOMIC INDICATORS

Post-cepo boost for Milei as monthly inflation slows to 2.8%

14-05-2025 16:45 INDEC’s first update of inflation index since removal of currency controls shows that consumer prices rose 2.8% in April, slightly slower than analysts' expectations.

CENTRAL BANK MANOUEVRES

Argentina halts private bond sale amid pressure on peso rate

11-05-2025 09:02 Argentina’s Central Bank intervened to stop a dollar bond sale by Banco Supervielle halfway through the trading day on Friday.

NEW MEASURES

Argentina eliminates export duties for thousands of manufactured goods

30-04-2025 21:34 President Javier Milei's government eliminates export duties for thousands of industrial products; Economy Minister Luis Caputo says tax levy was "affecting competitiveness" in announcement hailing the move.

ANALYSIS: SHOCK THERAPY

Milei defies forecasts so far as Argentina’s peso strengthens

23-04-2025 22:41 Analysts see a stronger peso over the next few months with traders buying into President Javier Milei's plan.

IMF BOOSTS RESERVES

Central Bank reserves hit US$36 billion after first IMF tranche

15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.

ECONOMY – ANALYSIS

IMF bets billions on Milei’s chainsaw to avert past debacles

13-04-2025 08:50 Frontloading disbursements is a controversial move that increases the IMF’s exposure to its biggest debtor, just as Milei faces the same policy dilemmas that have doomed his predecessors.

FIN DE CEPO?

Caputo announces new IMF deal, end to exchange controls

11-04-2025 18:45 President Javier Milei's government announces elimination of foreign exchange controls ahead of confirmation of new US$20-billion IMF programme.

ECONOMY – ANALYSIS

Argentina lands US$20-billion IMF agreement and eases FX rules

11-04-2025 18:30 Central Bank says it will let peso trade within a range of 1,000 pesos to 1,4000 pesos per dollar in what’s called a dirty or managed float.

CURRENCY WARS

Argentina's Central Bank sells up to US$400 million to defend peso

11-04-2025 17:32 Argentina's Central Bank sold as much as US$400 million to defend the peso on Friday – the most in a day since mid-March.

ECONOMY – ANALYSIS

Argentina inflation picks up more than expected before IMF deal

11-04-2025 17:28 President Javier Milei said recently he only expects inflation to fall below two percent in May or June, blaming the sticky inflation on political volatility.

BLOOMBERG - ANALYSIS

Milei needs rush of soy dollars to calm peso sell-off in Argentina

09-04-2025 17:42 Like his predecessors, President Javier Milei is depending on the soy harvest to manage one of the word’s most volatile currencies.

GEOPOLITICAL ROW

Milei caught in Trump-China spat over US$18-billion FX swap line

08-04-2025 16:47 Javier Milei is caught between US President Donald Trump and China’s communist government.

BLOOMBERG - FEATURE

Milei tries erasing Argentina’s history to lure foreign investment

08-04-2025 09:04 Argentina’s president is desperate to woo foreign investors. But he's had more success tearing down physical symbols of the old guard than untangling the web of red tape it left behind.

IMF DEBT PROGRAMME

Milei wins lower house approval to agree new IMF loan

19-03-2025 17:52 Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.

Congress & Politics

Congress upholds Milei’s decree to back new IMF-Argentina deal

19-03-2025 17:44 Lower house lawmakers vote in favour of President Javier Milei’s emergency executive decree backing a new deal with the International Monetary Fund.

ANALYSIS: SHOCK THERAPY

All the currency, capital controls Milei needs to end this year

05-03-2025 12:00 Javier Milei has taken several steps to ease restrictions during his first year in office, but he entered 2025 with few indications that there will be a quick unwinding of the rules.

PANAMA CANAL THREAT

Rubio lays down ultimatum to Panama over canal

03-02-2025 09:28 US Secretary of State Marco Rubio makes real on Donald Trump's threats and warns President José Raúl Mulino he must make immediate changes to reduce Chinese influence on the Panama canal.

CENTRAL AMERICA

Nicaragua legislature cements 'absolute power' of president, wife

31-01-2025 14:58 Daniel Ortega and Rosario Murillo consolidate their absolute command of power in Nicaragua – as president and “co-president,” they will control all branches of government and civil society, according to the troubled nation's latest constitutional reform.

MONETARY POLICY

Central Bank cuts key rate to 29% as peso depreciation slows

30-01-2025 23:43 Central Bank cuts benchmark interest rate by 300 basis points to 29%.

ECONOMY – ANALYSIS

Argentina and the IMF – scenarios for a possible new agreement

28-01-2025 10:04 Milei government and IMF continue to fine-tune a future agreement which is likely to include a remittance of some US$11 billion to bolster Central Bank coffers, allowing Argentina to remove the ‘cepo’ currency and capital controls.

by Gonzalo Martínez

CENTRAL BANK MANOUEVRES

Argentina takes steps to dollarise and holds key rate

17-01-2025 11:49 Argentina’s Central Bank said payment intermediaries will have to enable debit card transactions in US currency by February 28, marking a key step in President Javier Milei’s pledge to dollarise the economy.

ECONOMIC FORECASTS

Central Bank poll predicts 2025 inflation rate of 25.9%

09-01-2025 14:22 Projections for last year’s inflation rate dips to 117.8% in Central Bank’s market expectations survey.

WHERE'S THE GOLD?

Argentina refuses to disclose location of Central Bank’s gold

09-01-2025 13:13 Lawyers representing Argentina in a New York court have refused to reveal the location of the Central Bank’s (BCRA) gold reserves.

REPURCHASE AGREEMENT

Milei scores win with US$1-billion repo from five top banks

05-01-2025 09:47 Milei administration announces US$1-billion repurchase agreement with five international lenders that will help replenish foreign reserves at its Central Bank.

CENTRAL BANK RESERVES

Argentina spent US$803 million this week on importer dollar demand

27-12-2024 18:42 Central Bank’s operations risk denting Milei's government’s efforts to replenish its treasure chest of reserves

CENTRAL BANK RESERVES

Argentina sells most FX reserves since 2019 on importer demand

26-12-2024 19:14 Central Bank sells most foreign reserves in one day since October 2019 after officials eliminate PAIS tax on imports, igniting corporate demand for dollars.

MONETARY POLICY

Argentina weighs managed exchange rate once it lifts currency controls

16-12-2024 19:44 President Javier Milei's government is weighing whether to introduce a managed exchange rate regime — a “dirty float” — once it lifts its current foreign exchange controls in 2025.

365 days of Javier Milei

One year in, Milei yet to fulfill key economic campaign promises

09-12-2024 12:53 Dollarisation, the removal of the ‘cepo,’ and the closure of the Central Bank – though he has tamed inflation, President Javier Milei has yet to deliver on key economic promises in his first year in office.

INTEREST RATES

Central Bank lowers rate to 32% on price expectations

06-12-2024 00:10 Argentina’s Central Bank cut its benchmark interest rate by 300 basis points to 32 percent as inflation expectations fall.

NEW BANKNOTES

Milei administration introduces 20,000-peso bill to Argentina

13-11-2024 00:38 A dinner in an average restaurant costs around 20,000 pesos and it can now be paid with this banknote bearing the image of liberal politician and writer Juan Bautista Alberdi.

Football violence

Three sought over murders of Rosario Central football hooligans

11-11-2024 15:55 Police seeking three people in connection with murder of two key members of Rosario Central's 'barra brava' hooligan gang over the weekend.

Hooliganism strikes again

Two Rosario Central fans killed as football violence again rears head

10-11-2024 17:26 Two fans shot dead after football match; Clashes outside Rosario Central’s stadium, with top hooligan gang leader killed.

MONETARY POLICY

Central Bank lowers benchmark rate to 35% from 40%

01-11-2024 12:46 Argentina’s Central Bank lowers benchmark interest rate for the first time in nearly six months.

CENTRAL BANK MANOUEVRES

Milei taps unseasonal source in search of dollars

30-10-2024 10:06 Faced by a shortage of foreign reserves, the Central Bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.

'Shock Therapy'

Clamour for pesos leads banks to tap repo market

23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.

COURT BLOW

Milei officials rage at opponents as UK court rules against Argentina

17-10-2024 12:00 Argentina loses bid for UK Supreme Court to hear its appeal on a ruling that will force the nation to pay $1.5 billion in damages to holders of the country’s growth-linked bonds.

BANKING & FINANCE

Central Bank working to enable dollar debt cards

14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.

DOLLARISATION ON THE CARDS?

Milei wants Argentines to dollarise the economy for him

02-10-2024 13:16 Argentina’s President seems to have abandoned his vision of dollarisation of the economy. Instead, he wants his countrymen to do the job for him: dollar by dollar, peso by peso.