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.
Analysing Argentina Milei and the bicycle temptation 19-04-2025 06:00 The Milei government is confident it can make it to the midterm elections in October without major volatility. But this relative calm — won by force of debt — should not obscure the storm that was brewing before the cash injection. by Marcelo J. García
ECONOMIC INDICATORS What was the exchange rate when Milei came into office? 16-04-2025 16:10 Official exchange rate almost doubled from near 400 pesos to 838 pesos per greenback in the initial four days after Milei’s inauguration – now it stands closer to 1,200.
ANALYSIS: SHOCK THERAPY Milei risks reigniting inflation by floating Argentina’s peso 16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.
AGRICULTURE & ECONOMY Milei tells farmers to sell soy now as peso slides 12% 14-04-2025 19:08 Farmers are starting to harvest their soy crop, worth billions of dollars in export revenues that Milei desperately needs at the Central Bank. But, so far, they have traded it at a crawl.
ECONOMIC CHANGES Peso slides, bonds jump after FX rules lifted 14-04-2025 13:46 Argentina’s sovereign debt climbed Monday while the peso slipped after the country lifted most of its currency-market restrictions.
POLITICS – ANALYSIS Milei launches new economic phase, with nod to middle class 11-04-2025 23:56 Casa Rosada expresses satisfaction as alignment with Trump bears fruit and secures an unprecedented initial disbursement from the International Monetary Fund.
ECONOMIC CHANGES Milei ends 'cepo' as IMF board approves US$20-billion bailout 11-04-2025 23:32 Milei declares "cepo is gone for good" as IMF unlocks US$12 billion in immediate funding and Argentina lifts capital controls in 48-month US$20-billion programme.
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.
ECONOMY & POLITICS 'Chau cepo?': Argentina overhauls exchange rate access 11-04-2025 18:27 President Javier Milei’s government to lift capital and currency controls as of Monday, with exchange rate of between 1,000 and 1,4,00 per greenback; ‘Phase Three’ of economic programme will see monthly cap lifted for individuals and firms.
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.
CURRENCY SWAP Argentina renews part of China swap ahead of Bessent visit 10-04-2025 17:13 Argentina renews a portion of its US$18-billion currency swap line with China; Activated part being extended for another 12 months amounts to US$5 billion.
ECONOMY – ANALYSIS IMF deal fine print could disrupt China swap renewal 10-04-2025 05:36 In June, the grace period China granted Javier Milei expires. Washington is already pressuring Buenos Aires over the currency swap, with US$6.5 billion remaining frozen. by Eugenia Muzio
NEW IMF PROGRAMME Milei nears US$20-billion Argentina loan as IMF staff sign off 09-04-2025 08:49 Members of the Washington-based lender’s executive board are expected to vote on the agreement Friday.
NEW IMF PROGRAMME IMF confirms preliminary agreement with Argentina for US$20-billion loan 09-04-2025 08:33 Multilateral lender says it has reached a staff-level agreement with President Milei's government on a new 48-month US$20-billion programme, subject to approval by executive board.
IMF PROGRAMME IMF met again on Argentina as upfront payment proves contentious 04-04-2025 19:30 There is still no consensus among board members on the size of the upfront payment to Argentina, according to reports.
IMF PROGRAMME Caputo: Argentina wants a ‘high’ first disbursement from IMF 31-03-2025 14:04 Economy Minister revealed last week that Argentina is seeking around US$20 billion in fresh financing from the IMF, on top of its existing US$44-billion debt.
IMF PROGRAMME IMF confirms Argentina has requested new US$20-billion loan programme 28-03-2025 18:10 "Progress on the new programme is very advanced and engagement continues at all levels to finalise an agreement," says IMF in a statement.
IMF DEBT PROGRAMME Argentina says its new IMF programme will total US$20 billion 27-03-2025 15:00 The economy minister added that funds combined from the IMF, World Bank, Inter-American Development Bank and regional bank CAF would put Argentina’s Central Bank reserves near US$50 billion.
BEYOND THE HEADLINES 'Cepo' in review 22-03-2025 07:53 It might well be argued that the ‘cepo,’ the seemingly endless set of currency and capital controls, has been a bane of Argentina’s existence. by Michael Soltys
ECONOMY – ANALYSIS Argentina disinflation stalled despite strength of the peso 15-03-2025 10:52 Economists surveyed by Argentina’s Central Bank expect year-on-year inflation to plunge to 23% this year.
ANALYSIS: SHOCK THERAPY Argentines ditch dining out as Milei’s policies strengthen peso 12-03-2025 13:58 President’s self-titled “shock therapy” of economic policies are making the country’s currency so expensive it’s doubled dinner tabs at restaurants that were booming not so long ago.
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.
SHOCK THERAPY Milei’s strong peso revives domestic football with million-dollar contracts 25-02-2025 15:35 President’s peso policy has domestic clubs spending big; More than two dozen players now make US$1 million or more a year.
'Cryptogate' scandal Milei 'cryptogate' probe delegated to prosecutor 21-02-2025 17:29 Prosecutor Eduardo Taiano to assemble evidence against President Javier Milei regarding his involvement in the $LIBRA cryptocurrency scandal.
Currency flows Argentines spend most dollars since 2018 on strong peso policy 11-02-2025 12:29 Argentines are spending the most amount of dollars in years as they cash in on a strong peso.
‘CEPO’ NO MORE? President sets 2026 target for removal of currency controls 04-02-2025 15:47 La Libertad Avanza leader says his government will remove capital controls by start of 2026 – unless the IMF grants Argentina fresh funds beforehand.
TOURISM & TRAVEL Argentina’s rich neighbours cut back on visits due to strong peso 28-01-2025 09:38 Tourists visiting from Uruguay and Chile fell at least 30% in December from a year ago, according to INDEC.
International Monetary Fund Caputo returns to Argentina for talks with IMF team 23-01-2025 14:46 IMF Managing Director Georgieva meets President Javier Milei in Washington, highlights "tremendous progress" of Argentina’s economy. Technical team already in Buenos Aires, but Economy Minister Luis Caputo plays down talk of rapid removal of currency controls.
ECONOMIC ANALYSIS Dollar, IMF, tariffs – how Trump’s measures will impact Argentina 23-01-2025 00:35 US President’s protectionist policies clash with the free-market creed of President Javier Milei’s government. Argentina’s quest for support with the IMF, the negative effects of the "super dollar" and uncertainty as to the commercial dynamics. by Martín Fernández Nadale
ECONOMY – ANALYSIS Milei lowers peso crawling peg to 1% after inflation stabilises 14-01-2025 16:43 Monthly inflation continues to run near a four-year low, opening the door for first change to currency policy in more than a year.
BEYOND THE HEADLINES Is appreciation appreciated? 09-01-2025 19:37 Currency appreciation has been a central factor in giving Milei a dream spring – let us see if that same factor impelling several million Argentines to vacation abroad this summer sends the balance of payments wheel spinning in the opposite direction. by Michael Soltys
IMF NEGOTIATIONS OVER NEW DEAL IMF: Formal talks over new deal with Argentina have begun 19-12-2024 21:09 The International Monetary Fund and Argentina have formally begun negotiations over a new loan agreement as the current programme draws to a close.
ANALYSIS: SHOCK THERAPY Argentina takes steps to speed up Milei’s dollarisation strategy 19-12-2024 15:38 Argentina’s government is working with major banks and payment firms to advance Javier Milei’s dollarisation strategy.
NEW IMF PROGRAMME IMF in talks with Argentina on loan to succeed US$44-billion deal 19-12-2024 14:13 International Monetary Fund confirms it has formally opened talks with President Javier Milei's government over a new loan programme to replace its existing US$44-billion deal.
ECONOMIC POLICY Milei, Caputo increasing bullish as they outline new IMF deal timeline 19-12-2024 09:50 Argentina eyes fresh accord with the International Monetary Fund in the first third of next year, with President Milei confident of strong support, both at the Fund and on trade, from incoming US president Donald Trump.
TURBULENCE IN BRAZIL Brazil market rout risks a crisis as Lula resists austerity push 19-12-2024 08:25 As the currency craters in Brazil, thrusting the country’s markets into the international spotlight for the first time in years, a grim reality is setting in for top economic aides to President Luiz Inácio Lula da Silva. They are, they fear, powerless to do much to stop the panic.
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.
IMF LOAN PROGRAMME Argentina ‘sure’ of new IMF deal, says it doesn’t depend on Trump 21-11-2024 14:28 IMF spokeswoman Julie Kozack says authorities in Argentina are “exploring the option of moving to a new arrangement” with the multilateral lender to replace its existing US$44-billion loan programme.
IMF CREDIT LINE Caputo says Argentina in talks with IMF over new deal, fresh funds 23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.
'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.
CAPITAL CONTROLS Why Milei can’t lift currency controls any time soon 16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.
CAPITAL CONTROLS Government to adopt flexible exchange rate after lifting controls 15-10-2024 23:17 Milei states at conference that government will adopt a “flexible” exchange rate on the peso after it lifts capital controls.
FEATURE ‘Los chachos’: La Rioja launches currency to offset Milei’s shock therapy 03-09-2024 15:48 The remote province of La Rioja has created its own currency, the chacho, as an alternative to the peso to try to revive its moribund economy.
MONETARY POLICY Argentina overcomes key hurdle impeding end of currency controls 20-07-2024 17:53 Central Bank buys back majority of put options from financial entities, bringing President Javier Milei one step closer to lifting currency controls.
IMF ON ARGENTINA IMF denies there is ‘specific timetable’ for new Argentina deal 11-07-2024 16:48 Julie Kozack, the Fund's communications director, contradicts claims by Economy Minister Luis Caputo that talks about new financing deal are underway and an agreement could be sealed this year.
POLITICS – ANALYSIS Milei under pressure for the first time 06-07-2024 05:59 If the doubts regarding Milei’s capacity to preside over Argentina were tied to governability risk, Caputo’s are connected to credibility risk: it’s difficult to see how the current policy framework can be sustainable in time. by Agustino Fontevecchia
CURRENCY IMPROVISATION La Rioja Province puts its own ‘quasi-currency’ in circulation 02-07-2024 16:01 New ‘chachos’ enter into circulation, currency honours local caudillo; Provincial Governor Ricardo Quintela announced the plan back in January, which won approval from local legislature a month later.