News of dolar

'Soy dollar' back with 25% foreign currency available to exporters

05-09-2023 12:17 Fifth edition of the 'Export Increase Programme' this time does not include unique exchange rate; Applies to exporters from last 18 months; Details of the new decree and the sector's reaction.

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.

THIRST FOR DOLLARS

A guide to Argentina’s many exchange rates

10-08-2023 08:44 Anxiety is showing in markets just days before a key primary vote that will decide who are the candidates for the October 22 election.

FINANCIAL TURBULENCE

Financial turbulence: ‘Dólar blue’ hits 600 per greenback

09-08-2023 21:35 Parallel exchange rate passes psychological barrier of 600 pesos per dollar in lead-up to this weekend’s PASO primaries.

BLOOMBERG – FEATURE

Argentina cracks as peso plunge raises risk of messy devaluation

28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.

FINANCIAL TURBULENCE

President Fernández accuses opposition of fuelling peso fall

25-04-2023 17:55 Argentina's currency extends multi-day slump to weaken on parallel exchange markets against dollar to 497 pesos per greenback, with President Alberto Fernández and Economy minister Sergio Massa lashing out at "rumours and false reports."

FINANCIAL TURBULENCE

Economy minister vows to use ‘all tools’ to stop peso’s slump

25-04-2023 15:10 Argentina’s Economy Minister Sergio Massa vowed to staunch a collapse in the nation’s parallel currency rates as the peso’s worth slumps to record lows.

FINANCIAL TURBULENCE

Massa to use ‘all state's tools’ to counter exchange rate turmoil

25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.

FINANCIAL TURBULENCE

Massa rejects devaluation speculation as peso sinks

22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.

POLITICAL AND FINANCIAL INSTABILITY

$420: The ‘elegant’ dollar

22-04-2023 06:23 This is the level of tension and uncertainty with which the Casa Rosada, the Economy Ministry, and Vice-President Cristina Fernández de Kirchner’s closest allies live, the day-to-day vicissitudes of a failing administration.

by Agustino Fontevecchia

POLITICS

Fernández, Massa put on united front in bid to reassure markets

20-04-2023 20:57 President Alberto Fernández and Economy Minister Sergio Massa look to turn the page after week of political and financial instability.

DOLLARS & RESERVES

Government's bid to bring in dollars stumbles as peso falls faster

20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.

EXCHANGE MARKETS

'Blue dollar' hits 420 – the reasons behind exchange rate turbulence

19-04-2023 12:31 Argentina’s complicated exchange rate spectrum was hit by further turbulence on Tuesday. The reasons behind the instability, according to the experts.

by Santiago Escobar

FINANCIAL TURBULENCE

Peso slumps in parallel market as inflation soars

18-04-2023 20:29 Argentina’s peso tumbled as much as 4.2 percent in the parallel exchange market Tuesday, the most this year.

EXCHANGE RATE SCHEME

Governors push back on criticism of Massa’s ‘dolár agro’ scheme

06-04-2023 19:27 New plan offers a rate of 300 pesos per greenback for agro-industrial exports; Governors push back from criticism from agricultural producers.

POLITICS & ECONOMY

Mixed reaction as Massa looks to boost reserves with ‘dolár agro’ rate

06-04-2023 01:09 Economy minister unveils Programa de Incremento Exportador, otherwise known as a third incarnation of the ‘soy dollar’ scheme; New plan will offer a rate of 300 pesos per greenback for agro-industrial exports and introduce automatic benefits for producers affected by drought.

DOLAR AGRO

Argentina rolls out special exchange rate to prop up reserves

05-04-2023 19:16 Argentina will once again introduce a temporary exchange rate for soybean exports and other products in an elaborate attempt to shore up dwindling Central Bank reserves amid a devastating drought.

NEW EXCHANGE RATE

Argentina debuts ‘Dollar Malbec’ to aid exports amid drought

31-03-2023 10:16 Economy Minister Sergio Massa confirmed Thursday he’s rolling out a temporary, subsidised exchange rate for wine and other agriculture products, dubbed the “Dollar Agro” or “Dollar Malbec” by the local press.

NEW RATE ON WAY

Massa announces new 'dolár agro' exchange rate

30-03-2023 23:20 Argentina looks set to unveil yet another new exchange rate – Sergio Massa's new 'agro dollar' will be used for agricultural products and is another bid to boost Central Bank reserves.

CURRENCY CONTROLS

‘Dolár Malbec’: Argentina plans new exchange rate for wine producers

05-03-2023 08:42 New ‘wine dollar’ set to join country’s alphabet soup of parallel exchange rates, confirms Sergio Massa; Measure set to kick in April 1, with value set to be defined in next 20 days.

WHAT LIES AHEAD IN 2023

Economy 2023: inflation and austerity in an election year

11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.

EXCHANGE MARKET

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

EXCHANGE MARKET

Argentina’s elaborate ploy to lure tourists has begun

21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.

Agriculture

Government moves ahead with second run at ‘soy dollar’ scheme

28-11-2022 12:35 Dólar Soja 2: Government hopes to boost reserves by US$3 billion with a second run at agroindustry-aimed programme.

Central Bank reserves

Argentina to brings back exchange rate that led to IMF exception

26-11-2022 08:01 Economy Minister Sergio Massa to revive 'soy dollar' currency measure to boost soy exports and prop up Central Bank reserves that generated backlash from the International Monetary Fund.

HUNT FOR GREENBACKS

Government tries to tempt tourists in search for dollars

04-11-2022 00:07 Authorities to let tourists use their credit and debit cards to tap more generous parallel new exchange rate in bid to boost Central Bank reserves.

CURRENCY CONTROLS

Argentina lets tourists tap parallel FX rate to bring in dollars

03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).

CURRENCY CONTROLS

Qatar and Coldplay: Argentina multiplies its exchange rates

13-10-2022 01:43 The 'dólar Catar' and 'dólar Coldplay' were added to Argentina's exchange control jargon on Wednesday.

NEW MEASURES

New taxes slapped on concerts, spending on cards overseas

12-10-2022 16:04 Aiming to "protect reserves for production and job creation,” the National Government introduces new levies to discourage purchases in dollars with debit and credit cards; New measures affect foreign currency purchases in excess of US$300, trips abroad and luxury goods.

BLOOMBERG – ANALYSIS

From Coldplay shows to the World Cup, Argentina mixes exchange rates

12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.

NEW MEASURES

Argentina slaps new taxes on concerts, travel before World Cup

12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.

GOVERNMENT & POLICY

Massa unveils export stimulus programme for tech sector

05-10-2022 10:36 Scheme aims to boost technology exports to US$10 billion next year, says economy minister.

Agriculture

'Soy dollar' exports boost Central Bank reserves by US$7.6 billion

01-10-2022 11:31 Sergio Massa's 'soy dollar' exchange rate prompts producers to sell more than US$7.6 billion in grains, boosting Central Bank reserves.

WORLD ECONOMY

Strong US dollar an unstoppable force endangering other currencies

30-09-2022 14:19 The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a severe currency crash that could reverberate around the world.

Agriculture

Argentine soybeans flood market just as US harvests bumper crop

11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.

Agriculture

Soy exporters race to exploit new ‘soy dollar’ exchange rate

07-09-2022 17:21 More than two million tons cashed in the first two days of Sergio Massa’s new scheme to boost Central Bank reserves.

MONEY MARKETS

Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates

06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.

Agriculture

Government creates new foreign exchange rate for soy exporters

05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.

AGRICULTURE

Government eyes FX incentive for soy exporters in bid for dollars

01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves.

Bloomberg

Argentina unveils currency measures as black-market peso slumps

21-07-2022 19:28 Foreign tourists can exchange up to US$5,000 in a new exchange rate revealed by the government, which is attempting to perk up the currency after a slump for the ‘dólar blue'

Bloomberg

Argentina’s black-market peso hits record as crisis mounts

20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.

BLOOMBERG

Argentina’s black market peso sinks on economy minister shake-up

04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.

Finance & Markets

'Blue dollar' continues to rise amid financial turbulence

28-06-2022 17:46 Parallel dollar quoted at 239 for sale, reaching 242 in some provinces; Country risk soars to record high.

BLOOMBERG

Argentine fintech start-up Ualá starts its own brokerage service

08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.

ELECTIONS 2021: ANALYSIS

Inflation, exchange rate turmoil complicates government’s election hopes

08-11-2021 11:20 Incessant price rises and the runaway blue dollar are key concerns for the Peronist government as campaigning for Argentina’s midterm elections enters final week.

by Mirta Fernandez

FINANCIAL TURBULENCE

Currency turbulence continues: Blue dollar closes at 199

05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.