News of currency reserves

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.

FOREIGN CURRENCY RESERVES

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.

IMF DEBT DEAL

IMF toughens stance, questions Massa's measures

09-11-2023 19:42 Directors on multilateral lender's board reportedly concerned by dramatic loss of reserves as they toughen criticism of Argentina’s government.

MONETARY POLICY

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

DEFAULT ON THE CARDS?

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.

Currency crisis

Argentine peso to slide 70% by next year, predicts Bank of America

16-08-2023 11:54 The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according to Bank of America strategists.

RELATIONS WITH CHINA

Economy Minister Sergio Massa to fly to China for swap line talks

28-05-2023 10:08 Argentina's economy minister will travel to China next week in a bid to free up more cash from a currency swap line that could help stem a peso sell-off before this year’s presidential election.

BLOOMBERG – ANALYSIS

Argentina is going broke to stall a full-on currency collapse

10-05-2023 15:25 Battle to prevent peso from facing a total meltdown is leaving the Central Bank, by some estimates, broke.

ECONOMIC INDICATORS

Central Bank reserves drop to lowest level since 2016

03-05-2023 12:44 Central Bank reserves slump to their lowest level since October 2016 as institution plunders state coffers to defend struggling peso.

MORE MEASURES FROM MASSA

Argentina to pay for Chinese imports in yuan instead of dollars

27-04-2023 00:16 Economy Minister Sergio Massa activates plan to boost dwindling reserves and agrees deal with Beijing that will allow Argentina to pay for Chinese imports in yuan instead of US dollars.