News of currency exchange

US$130 million per day – Argentines snap up dollars as controls relaxed

01-09-2025 18:16 Since the removal of the so-called 'cepo' – strict currency controls that limit access to foreign currency – in April, Argentines have purchased over US$ 10 billion.

by Gonzalo Martínez

ANALYSIS: SHOCK THERAPY

Milei intervenes in currency market despite letting peso float

28-05-2025 11:36 Argentina’s government has intervened in the currency markets to influence the peso’s value and is likely to miss reserve accumulation targets.

ANALYSIS: SHOCK THERAPY

How Milei keeps peso strong ahead of midterm vote

14-05-2025 12:00 President Milei's government doubles down on a strong peso strategy, making it the cornerstone of his midterm election campaign.

ANALYSIS: SHOCK THERAPY

Corporate defaults start piling up as Milei policies kick in

07-05-2025 12:28 As Javier Milei removes the distortions that once characterised Argentina’s economy, companies that bulked up on debt by exploiting exchange rate gaps are hurting.

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.

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.

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.

‘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.

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.

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.

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

POLITICS & ECONOMY

Milei says legislative win paves way for monetary policy pivot

28-06-2024 13:56 President Milei says government will change its monetary policy framework following his first major legislative victory.

CURRENCY CONTROLS

Argentina to offer bonds in first step to lift currency controls

26-04-2024 13:33 President Javier Milei's government readying a new instrument to allow companies to send dividends abroad, a first step to lift a cobweb of restrictions in its foreign-exchange market.

RELATIONS WITH CHINA

Central Bank chief Bausili among top officials headed to China

18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.

FINANCE

Milei seeks US$15 billion for removal of currency controls

18-03-2024 11:24 President Javier Milei says he would open up restrictions on foreign currency immediately if he has US$15 billion; Money could be provided by the IMF, multilateral bodies, private investors and even “some countries."

Exchange rate woes

Investors bet Argentina crawling peg to speed up to 6% by April

22-02-2024 11:34 Investors see Argentina's crawling peg accelerating to six percent monthly by the start of the second quarter, according to peso futures data.

DEVALUATION FEARS

Investors bet on 44% peso devaluation after Milei’s debut

06-12-2023 15:05 Investors are preparing for a 44% devaluation of the country’s official exchange rate after Javier Milei’s inauguration.

BLOOMBERG – ANALYSIS

Recession, inflation, devaluation: Economic troubles in 5 charts

19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.

HELP FROM BEIJING

China lets Argentina tap extra US$6.5 billion from swap line

18-10-2023 14:01 Move comes right before Argentina’s presidential election on Sunday as political uncertainty roils markets and the peso’s parallel exchange rate sells off.

'CEPO' ON WAY OUT?

Baffling Argentina FX rates on borrowed time as election nears

17-10-2023 16:02 The hodgepodge of currency controls put in place in Argentina is likely in its last days.

CURRENCY WOES

Argentina’s black market peso rate tops 1,000 per dollar

10-10-2023 15:10 Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp sell-off before the October 22 presidential election.

FOREIGN EXCHANGE

‘Blue’ dollar soars – parallel exchange rate nears 900/greenback

06-10-2023 16:18 Movement of people and companies trying to dollarise is being felt given the proximity to the presidential election as exchange rate turbulence continues.