News of dollars

Caputo already has the dollars he need to meet this year’s debt deadlines

03-01-2025 13:32 Argentina’s Treasury took advantage of the fiscal surplus to buy the necessary hard currency.

Entre Ríos senator detained in Paraguay with US$200,000 in cash

04-12-2024 16:23 Senator for Entre Ríos Province Edgardo Kueider arrested on Paraguayan border carrying US$200,000 and 600,000 pesos in cash; Arrest of Peronist lawmaker, who has distanced himself from Kirchnerism and backed Javier Milei’s government in key votes, confirmed by Paraguayan authorities.

CENTRAL BANK MANOUEVRES

Milei taps unseasonal source in search of dollars

30-10-2024 10:06 Faced by a shortage of foreign reserves, the Central Bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.

BANKING & FINANCE

Central Bank working to enable dollar debt cards

14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.

DOLLARISATION ON THE CARDS?

Milei wants Argentines to dollarise the economy for him

02-10-2024 13:16 Argentina’s President seems to have abandoned his vision of dollarisation of the economy. Instead, he wants his countrymen to do the job for him: dollar by dollar, peso by peso.

AGRO

Agro dollars: the countryside liquidated US$2.61 billion in July

01-08-2024 16:08 The data of agro dollars come from the CIARA Argentine Chamber of the Oil Industry and the CEC Cereal Exporting Centre, two entities which combined account for nearly 50 percent of Argentine exports.

CRYPTOCURRENCIES

Argentina is a record cryptocurrency adopter

25-07-2024 07:06 The country is trending in cryptocurrency savings as residents look to find ways to protect sayings and face inflation. The risks and how you can protect against them.

by Gustavo Winkler

POLITICS

Caputo rejects criticism for having money abroad

22-07-2024 15:58 Argentina's economy minister pushes back on claim he asked people to sell their dollar savings in order to pay taxes.

AGRICULTURE & ECONOMY

Argentina has surplus harvest, but farmers want more from Milei

22-06-2024 09:03 Farmers are delaying agricultural sales as they wait for President Javier Milei to eliminate taxes and exchange barriers.

Bloomberg

Inflation near 300% wipes out tourists’ deep discounts

13-04-2024 17:13 Surging inflation threatens to crimp a key source of tourism revenue as foreigners opt for other destinations.

CURRENCY WOES

Bitcoin is trumping dollars for many inflation-weary Argentines

19-03-2024 14:59 Argentines are buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars.

ECONOMIC INDICATORS

Argentines put US$2.3 billion into banks, signalling faith in Milei

06-03-2024 11:37 If the trend continues, it would be good news for Argentina’s Central Bank, where a portion of savers’ dollar deposits count toward the foreign reserves needed to stabilise the peso.

Presidential handover

Argentina stops banks from hoarding dollars ahead of devaluation

07-12-2023 13:34 Central Bank limits amount of foreign currency the nation’s commercial lenders can hold, in a push to discourage US dollar hoarding ahead of an expected devaluation by president-elect Javier Milei.

AGRICULTURE & ECONOMY

Foreign currency income from agroindustry down 50% so far this year

03-11-2023 15:40 Impact of severe drought illustrated by lack of income – as much as US$20 billion might be lost this year.

CROSS-BORDER SHOPPING

Uruguayans pile into Argentina to spend record US$1 billion

30-10-2023 11:11 Uruguayans are taking advantage of Argentina's deep economic crisis with food, vacations and shopping costing a fraction of the price back home.

FUEL CRISIS?

Argentines queue for fuel as FX shortage strands tankers at sea

26-10-2023 13:49 Growing lines at the pump and darkened gas stations at night are tangible signs of a fiscal crisis spiralling out of control.

Currency woes

A US$500-million cash pile at Argentina’s main airport unnerves banks

19-10-2023 00:06 Banks have seen a sharp increase in dollar withdrawals at their branches ahead of the election. Forced to import cash to meet the surge in demand, a government move meant to stem “irregularities” in foreign trade has compounded concerns.

INTERVIEW / PERIODISMO PURO

Carlos Melconian: ‘I believe that there is an opportunity because we have touched bottom’

14-10-2023 05:53 Famous for being the “king of metaphor,” Carlos Melconian will be Argentina’s next economy minister if Patricia Bullrich wins the upcoming election. In an extensive interview he explains his integral plan for putting Argentina back on its feet.

by Jorge Fontevecchia

Dollarisation proposal

Peru’s Velarde says Argentines should be free to choose currency

06-10-2023 14:03 Julio Velarde, Latin America’s longest-serving central bank chief, says "people should choose what currency they want to keep their money in."

No 'Verano en la costa'?

Prices in dollars puts Argentines’ summer vacations in doubt

26-09-2023 15:33 When the sweltering summer arrives, many in Argentina flock to the Atlantic coast for their summer break. But with inflation eating away at spending power and prices now being listed in dollars, 'verano en la costa' is now out of reach for many.

THIRST FOR DOLLARS

Inflation at 100% has Argentines demanding pay in US dollars

23-08-2023 14:12 The use of the dollar, while hardly new in Argentina, is exploding across the country today as inflation soars and destroys the value of the peso.

BLOOMBERG - ANALYSIS

Dollars are so scarce in Argentina that yuan use is at a record

26-06-2023 13:46 Yuan’s share of forex transactions hit record 28% this month; Dollars in short supply amid surging inflation, crop failures.

Albiceleste in Asia

'Robbery' – fans complain at US$680 tickets to see Argentina in China

02-06-2023 08:40 Chinese football fans complain as ticket prices are released for friendly match between Argentina against Australia in Beijing.

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

Government hauls in oil firms for meeting amid dollar shortage

24-05-2023 10:43 Officials set to meet with oil firms to discuss how imports must be financed amid a severe shortage of dollars.

FIFA U20 WORLD CUP

Government creates US$50-million workaround for U-20 World Cup

19-05-2023 13:29 Just two days before the kick-off of the Under-20 World Cup, Argentina's government creates exceptional one-off exchange rate for the import of football equipment.

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.

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.

BILLS, BILLS, BILLS

Central Bank approves higher denomination 2,000-peso bill

02-02-2023 17:43 Monetary authority approves move to accommodate the needs of banks and shopkeepers; More than eight billion banknotes in circulation in Argentina, with inflation eating away at value of each.

Tourism

Cruise ships flock to capital, with 50,000 tourists visiting Buenos Aires in two-week spell

25-01-2023 13:36 Cruise tourism season, which started in October and ends in April, will see the arrival of more than 120 luxury liners, which translates into almost 350 thousand passengers and an average daily expenditure of 90.6 dollars per traveler.