News of costs

Argentines pawn the family jewels to make ends meet

17-06-2024 14:15 Hundreds of Argentines are selling their jewellery at gold dealerships every day as a last resort to face the economic crisis.

Living with inflation

Shopkeepers struggle to keep pace with soaring prices

25-11-2023 13:08 Annual inflation is already at 143% and prices rose even further after price controls on basic goods were eased.

No 'Verano en la costa'?

Prices in dollars puts Argentines’ summer vacations in doubt

26-09-2023 15:33 When the sweltering summer arrives, many in Argentina flock to the Atlantic coast for their summer break. But with inflation eating away at spending power and prices now being listed in dollars, 'verano en la costa' is now out of reach for many.

URUGUAY

Uruguay leads Latin America with first rate reduction

19-04-2023 21:06 Uruguay becomes first inflation-targeting country in Latin America to start lowering borrowing costs after economy entered technical recession towards end of last year.

IMF DEBT DEAL

Massa: IMF failing to consider impact of Ukraine war on debt deal

16-01-2023 14:35 Economy minister accuses IMF of reneging on a commitment to fully review and consider the impact of the war in Ukraine on Argentina’s debt deal.

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.