News of dollar

Argentina tightens capital controls ahead of midterm elections

13-08-2021 14:11 Regulators tighten screws on so-called blue-chip operations, where investors buy assets in pesos and sell them abroad in dollars to obtain foreign currency.

Central Bank sells dollars for first time since April

03-08-2021 14:53 Central Bank sells greenbacks for the first time in three months, amid electoral nervousness and high inflation.

Not even 50% inflation will make Argentina boost interest rates

23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

Fernández de Kirchner attacks judicial 'persecution' as corruption case heard

04-03-2021 16:47 Vice-President Cristina Fernández de Kirchner let rip at Argentina's Judiciary on Thursday, accusing the courts of engaging in "persecution" against her as she gave testimony in graft case.

Bondholders: ‘Argentina desperately needs agreement with the IMF’

20-02-2021 08:18 Private bondholders group, who previously agreed to restructuring, accuse government of dragging its feet in talks with IMF to “continue its unsustainable policies even longer."

On the verge of another nervous breakdown?

14-11-2020 09:16 More of the usual will generate similar outcomes as we’ve seen in the past: stagflation, polarisation, and a growing bureaucracy. It’s time for our political class to take charge of the situation to avert another disaster.

by Agustino Fontevecchia

Argentina goes all-in to cut record gap with parallel peso

12-11-2020 16:42 Argentina is resorting to all necessary means to reduce the gap between its official and parallel exchange rates.

Unity, in whatever form

31-10-2020 09:24 Both former presidents have given their blessing to an initial conversation that could work towards a broader social consensus.

by Agustino Fontevecchia

Argentina can avoid a devaluation, says Domingo Cavallo

30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.

Guzmán: 'There will be no devaluation'

24-10-2020 05:44 Economy minister says currency will depreciate ‘hand-in-hand with inflation,’ as blue dollar soars to close at record high of 195 pesos per greenback.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Fernández: Currency market is messy, it needs order

11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”

Analysts keep eye on reserves as uncertainty pushes blue dollar to 160

10-10-2020 10:05 Central Bank buys dollars for first time since mid-September, as uncertainty pushes blue dollar sky-high.

Government mulls temporary cut on some crop export taxes

29-09-2020 17:16 Government weighing temporary reduction on some export taxes to boost dollar inflows, Bloomberg reports.

Argentines are starting to withdraw dollar savings from banks

26-09-2020 09:54 Data suggests savers are now choosing to hold the physical dollars versus keeping them at the bank, on concerns that more severe restrictions could be on the way.

Dollar blues

19-09-2020 09:51 Argentina’s exasperating affair with the dollar is a recurring issue.

by Martín Gambarotta

Pesce and Guzmán split over curbs on dollar purchases

19-09-2020 09:26 Government’s economic team split on latest crackdown, as well as how long new rules should remain in place.

Central Bank tightens currency controls as peso weakens

16-09-2020 10:29 Central Bank tightens conditions for the purchase of foreign currency, to prevent hoarding, preserve reserves and discourage demand for US dollars.

Central Bank optimistic over post-bond swap future

25-08-2020 19:20 Central Bank Governor Miguel Ángel Pesce says closure of the debt swap deal would relieve pressures on exchange markets and improve economic expectations.