News of dollar economy

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.

Economy Ministry to halt Central Bank advances until end of 2020

03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.

Peronism tries to strike back

24-10-2020 08:52 On October 17, the national government tried to regain the initiative. To some observers, Loyalty Day came and passed with some subtle but notable observations.

by Martín Gambarotta

The peso's got a fever and the only prescription is more dollars

24-10-2020 08:08 Whereas classical economic theory suggests that markets create efficient prices through a cumulative aggregation of information, thus allowing market players to accede to perfect information, the current situation in the City Porteña is one of absolute price opacity.

by Agustino Fontevecchia

Blue dollar soars again to close week at 178 pesos

17-10-2020 08:30 Dolár blue has risen by 11 pesos in past week alone, closing week at record high amid continued financial uncertainty.

Argentina’s currency woes show no sign of easing

10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.

Miguel Pesce: ‘A dollar at 130 pesos would inflict unbearable levels of poverty’

26-09-2020 08:45 Following a week of difficult announcements, Central Bank chief Miguel Pesce sits down for a feature-length interview to explain the government’s logic in what he describes as “very arduous situation, aggravated by the action of speculators.” Nevertheless, Pesce remains optimistic over 2021 growth, lower inflation and export possibilities.

by Jorge Fontevecchia

Dollar blues

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

by Martín Gambarotta

Fernandez defends new currency controls as blue dollar soars

19-09-2020 08:25 Economists question wisdom of new Central Bank measures, which hit small savers as well as companies. Blue dollar closes week at more than 140 per greenback.

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.

Central Bank cuts interest rate to 38%

06-03-2020 08:00 In its statement, the Central Bank’s committee said cooling prices justified the rate cut but that the economy wasn’t in the clear yet.

Central Bank lowers key rate to 40%, extending cuts

19-02-2020 18:15 Central Bank chief Miguel Pesce justifies the rate cuts as a tool to help turn around Argentina’s economy, which is expected to contract for the third straight year in 2020.

Bitter start to wallet-draining Christmas for middle class

21-12-2019 08:58 'Tourist dollar' tax sparks indignation among some, as government pushes legislative package it says will protect “highly vulnerable” Argentines.

Fernández administration to send recovery package to Congress

16-12-2019 15:21 Legislative package includes, among other measures, a 30 percent surcharge on 'tourist dollar,' increased taxes on exports and plans to make healthcare more accessible and affordable, according to government.

Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad

31-10-2019 22:10 The move comes three days after the Central Bank sharply tightened currency exchange controls to stem a surge in capital flight.

Macri extends olive branch to Fernández over economy

28-10-2019 14:40 At a meeting Monday morning, the two discussed plans to steer the nation out of the looming economic crisis.

Once-bitten Argentine investors aim to avoid panic on Sunday

23-10-2019 11:33 A victory by Alberto Fernández this weekend would leave investors in a holding pattern as they await clarity on his policies and a the appointment of a cabinet.

Sandleris asks for 'basic consensus' to ensure Argentina grows

16-10-2019 08:29 "If we manage to build basic consensus, our economy can leave behind instability and crisis, so that we can begin to grow steadily and begin to lower inflation," declares Central Bank chief.

New Central Bank survey predicts 55% inflation in 2019

04-09-2019 09:46 GDP anticipated to contract by 2.5% this year, survey of economists and consultancy firms reveals.

Peso slumps to 60 per dollar, country risk rating hits 14-year high

28-08-2019 15:57 Currency has slumped against the dollar again over the last few days, just as tensions between the government and the opposition have picked up.