News of dollar

Quasi-fiscal as Milei's Quasimodo

23-07-2024 15:15 And those liabilities have come to infest the Central Bank via all those bonds issued over the years to shunt the Treasury’s fiscal deficit their way – the Lebacs, Letes, Lecaps, Leliqs, puts and all the rest of them.

by Michael Soltys

Growing discontent amid dollar, fuel shortages in resource-rich Bolivia

03-07-2024 10:58 Along with the fuel shortage in Bolivia, which tends to be chronic due to economic problems in imports, there is also a lack of dollars in the country and, consequently, an increase in the exchange rate in the parallel market.

Survey: Argentina has lowest minimum wage in dollars in region

21-03-2024 17:01 Minimum wage now at the lowest level of the last 20 years, according to a new report by Focus Market consultancy firm.

Dollar fever eases in Milei’s Argentina... good news?

11-03-2024 16:25 Appetite for dollars in Argentina as a shelter against inflation is falling under Milei’s government, but what from afar looks encouraging, smells of recession, declining imports and falling incomes.

‘You are now free to buy dollars’ – Milei legalises trading at parallel exchange rate

21-12-2023 17:44 President asserts that “buying the 'blue' dollar is no longer a crime” as he legalises operations in 'cuevas,' or foreign exchange houses.

‘There is no money’: Argentina begins economic shock remedy

13-12-2023 11:41 Measures include 54% peso devaluation, additional 2% a month; Plan seen as step in the right direction, perhaps insufficient by traders.

Argentina investors cheer Milei victory, brace for peso sell-off

20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.

Argentina running out of soy adds to next president’s economic woes

16-11-2023 19:05 After the worst drought in six decade, farmers are running out of the very commodity that fuels Argentina’s economy.

Inflation raging at 130% is pushing Argentina down a radical path

19-10-2023 20:55 Presidential candidate Javier Milei is winning over voters with promises to revive what was once one of the world’s wealthiest nations.

Tense election week: shortages, pre-emptive increases and dollarised prices

19-10-2023 15:21 A few days away from the presidential election, devaluation fears are spreading.

by Ariel Maciel

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.

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. 

Recriminations fly as peso flounders ahead of vote

11-10-2023 21:55 President Alberto Fernández files a criminal complaint for "public intimidation" against Javier Milei, blaming the libertarian for the peso's weakening on informal markets.

President denounces Milei for fuelling run on currency

11-10-2023 21:39 President Alberto Fernández confirms he has reported La Libertad Avanza leader Javier Milei and libertarian City mayoral candidate Ramiro Marra to authorities for prompting run on currency.

'Blue dollar' surges to record high as Milei reiterates dollarisation plan

09-10-2023 22:08 Libertarian presidential candidate Javier Milei reiterates desire to dollarise Argentina's economy as parallel 'blue dollar' surges to record 945 pesos per greenback.

‘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.

Bullrich adviser says dollar, peso will co-exist in Argentina

26-09-2023 23:54 “The peso and the dollar will coexist” if Patricia Bullrich is elected as president, says Carlos Melconian.

Javier Milei wows Tucker Carlson, Elon Musk and Argentina’s elite

20-09-2023 14:47 Tucker Carlson, Elon Musk and members of Argentina’s elite are now fans of the radical libertarian who wants to dollarise Argentina’s economy, shut down the Central Bank, slash spending and scrap most taxes.

Milei in talks to win foreign financing to dollarise economy

07-09-2023 12:51 Javier Milei is in talks with investment funds abroad to obtain the foreign currency needed to dollarise the economy if elected later this year, reveals top adviser Diana Mondino.

'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.