News of dollars

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

Peso crisis imperils coffee supplies in famed cafes of Argentina

30-08-2022 15:47 An escalating currency crisis is threatening a touchstone of Buenos Aires life: coffee.

Currency crisis

Economy Ministry set to introduce ‘tech dollar’ exchange rate for freelancers

26-08-2022 10:24 Portfolio headed by Sergio Massa is moving forward with plans to introduce a "monotributo tech" exchange rate for freelancers in the knowledge economy.

Deposit decline

Argentines withdraw US$1 billion from bank accounts amid turmoil

23-08-2022 21:23 More than US$1 billion of dollar deposits have been withdrawn since former economy minister Martín Guzmán resigned in July.

BLOOMBERG

Argentina asked crop exporters to bring US$1 billion next week

12-08-2022 14:34 Government asks top crop export and processing firms to make sales equivalent to US$1 billion over the next week as it seeks to bolster Central Bank reserves.

Bloomberg

Argentina’s bonds rise amid reports of a cabinet shakeup

28-07-2022 15:34 The markets have responded favourably to rumours Economy Minister Silvina Batakis could be replaced by lower house speaker Sergio Massa, which was reported by local media late Wednesday night.

Bloomberg

Argentina Economy Minister says she has strong political support

27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.

Economy

'Green madness' as dollars found at Argentina dump

26-07-2022 14:02 Dollar hoard discovered in local dump. Residents frantically scrabble through trash to try and find the US dollar bills believed to have been discarded inside a cupboard.

BLOOMBERG

Runaway price hikes has soy farmers hoarding all they can

15-07-2022 13:07 In Argentina, the top exporter of soybean products, farmers are hanging on to more of their crops than normal to defend against rampant inflation in yet another blow to global food supplies.

BLOOMBERG

Central Bank asked exporters to help bolster reserves

01-07-2022 15:50 Central Bank asks crop exporters to sell more dollars than they were planning this month so that the country’s reserve level will rise to meet an upcoming target for its US$44-billion programme with the International Monetary Fund.

UNDECLARED WEALTH

INDEC: Argentines have more than US$360 billion in undeclared wealth

01-07-2022 11:04 INDEC puts a number on the colossal fortune Argentines are hiding from the tax authorities – according to the bureau, more than US$360 billion is stashed overseas or under mattresses, either in banknotes or invested in foreign funds and currencies.

POLITICS & ECONOMY

Can’t see the forest for the trees

21-05-2022 06:01 The internal struggles between Alberto and Cristina, along with the rift with the opposition, trivialise the issue of export duties and other much needed reforms that would allow Argentina to unlock its potential.

by Agustino Fontevecchia

BLOOMBERG

As rivals turn screws on mining, Argentina puts out welcome mat

11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.

TECH & TAX

Argentina's tech industry earning billions of dollars off the books

22-04-2022 16:30 Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group.

AGRICULTURE

Drought could trim a third of Argentina’s economic growth this year

18-01-2022 15:47 Dryness that’s parching soybeans and corn across Argentina’s Pampas crop belt will shave US$4.8 billion off the nation’s gross domestic product this year, according to one of the first analyses of the economic impact of the drought.

IMF DEBT TALKS

Argentina will make US$1.8-billion payment to IMF this month

30-11-2021 22:31 Argentina will make a US$1.8-billion payment to Fund on December 18, confirms International Economic Relations Secretary Cecilia Todesca.

NEW CENTRAL BANK RESTRICTIONS

Kulfas defends new rules: ‘Middle class has many options for the summer’

28-11-2021 09:08 Productive Development Minister Matías Kulfas becomes the latest government minister to take to the airwaves to defend new Central Bank rules on credit card purchases in dollars.

FINANCIAL TURBULENCE

Government: New restrictions to protect reserves are ‘temporary’

26-11-2021 22:41 Presidential Spokesperson Gabriela Cerruti slams opposition "fear-mongering" following introduction of new Central Bank rules on credit card purchases.

EXCHANGE CONTROLS

Argentina tightens exchange controls to curb outflows of dollars

26-11-2021 03:06 Argentina’s Central Bank publishes two new measures intended to curb access to hard currency amid expectations for a devaluation.

BLOOMBERG

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

25-11-2021 15:23 Argentina's dollar bonds trade at an eight-month low. Slide comes just days after investors cheered outcome of midterm elections.

BLOOMBERG

Dollar-strapped Argentina eyes help from record grain exports

24-11-2021 17:17 Argentina's bumper wheat and barley crops and high prices are on track to give the government some breathing room with the peso.

BLOOMBERG

Argentina says banks must maintain USD position through end November

05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.

BLOOMBERG

Argentina will let foreign tourists bring in dollars at a lucrative rate

29-10-2021 15:02 Foreigners travelling to Argentina will be able to exchange up to US$5,000 to pesos at the more lucrative MEP (Medio Electrónico de Pagos) rate using a temporary bank account, according to new Central Bank rules.

Bloomberg

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

COURTS

Court tells daughter of Hugo Moyano to return cash seized in raid

01-09-2021 20:22 Judge tells Karina Moyano, daughter of veteran trade unionist Hugo Moyano, to hand over 600,000 pesos and US$434,000 within the framework of money-laundering and drug-trafficking probe.

POLICE OPERATION

Police bust counterfeit ring forging pesos, dollars on large scale

17-08-2021 21:26 Federal Police break up gang producing counterfeit money with series of raids, making 16 arrests. Police say fake bills were manufactured on a large scale and were of good quality.

by Leonardo Nieva

BLOOMBERG

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.

BLOOMBERG

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.

CORRUPTION & THE COURTS

Ex-Public Works secretary José López seeks release from jail

17-04-2021 08:53 Former government official, who was found with millions of dollars and weapons in a bag outside a convent, seeks release after almost five years behind bars without a firm sentence.

NEW REPORT

Argentines have US$250 billion stashed outside financial system, says INDEC

03-04-2021 08:47 Deposits in bank accounts abroad,safety deposit boxes at home or hidden "under the mattress," shares, bonds all contribute to this total.

Bloomberg

Central Bank extends rules for companies to restructure dollar debt

26-02-2021 01:31 BRCA extends deadline for companies to restructure debt in dollars until December 31.

Financial turmoil

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.”

BUSINESS

Currency controls hit private companies in Argentina

10-10-2020 10:11 Capital controls were already a headache for private companies, but more drastic measures obliging firms to restructure their debts has delivered an even harder blow.

BLOOMBERG

Argentina’s new obsession is watching foreign reserves evaporate

05-10-2020 16:14 At brokerages and banks, the calls come in every day with the same question: How many dollars does the Central Bank actually have?

Bloomberg

Government to devalue peso faster while it fights reserves drop

01-10-2020 23:09 The Central Bank will end a policy of “uniform devaluation” and allow greater volatility, according to a statement sent by the institution led by Miguel Pesce after hours Thursday.

News of dollars

Government eyes FX incentive for soy exporters in bid for dollars

Peso crisis imperils coffee supplies in famed cafes of Argentina

Economy Ministry set to introduce ‘tech dollar’ exchange rate for freelancers

Argentines withdraw US$1 billion from bank accounts amid turmoil

Argentina asked crop exporters to bring US$1 billion next week

Argentina’s bonds rise amid reports of a cabinet shakeup

Argentina Economy Minister says she has strong political support

'Green madness' as dollars found at Argentina dump

Runaway price hikes has soy farmers hoarding all they can

Central Bank asked exporters to help bolster reserves

INDEC: Argentines have more than US$360 billion in undeclared wealth

Can’t see the forest for the trees

As rivals turn screws on mining, Argentina puts out welcome mat

Argentina's tech industry earning billions of dollars off the books

Drought could trim a third of Argentina’s economic growth this year

Argentina will make US$1.8-billion payment to IMF this month

Kulfas defends new rules: ‘Middle class has many options for the summer’

Government: New restrictions to protect reserves are ‘temporary’

Argentina tightens exchange controls to curb outflows of dollars

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

Dollar-strapped Argentina eyes help from record grain exports

Argentina says banks must maintain USD position through end November

Argentina will let foreign tourists bring in dollars at a lucrative rate

Argentina looks to mutual funds for additional local funding

Court tells daughter of Hugo Moyano to return cash seized in raid

Police bust counterfeit ring forging pesos, dollars on large scale

Argentina tightens capital controls ahead of midterm elections

Central Bank sells dollars for first time since April

Ex-Public Works secretary José López seeks release from jail

Argentines have US$250 billion stashed outside financial system, says INDEC

Central Bank extends rules for companies to restructure dollar debt

Fernández: Currency market is messy, it needs order

Currency controls hit private companies in Argentina

Argentina’s new obsession is watching foreign reserves evaporate

Government to devalue peso faster while it fights reserves drop

Italy takes step into unknown with far-right win

Fernández de Kirchner makes her defence in public works graft trial

Luis Moreno Ocampo: ‘Death cannot be a political weapon’

A Holy War is raging between Google, Facebook, and the media industry

Drought, soaring fertiliser costs push Argentine farmers to grow more soy

Leonardo Fariña criticó la defensa de Cristina Kirchner y puso en duda el atentado

Un duro de 47 años, militante del PO, pone en jaque a la industria del neumático

Qué pasará con la ciudadanía italiana tras el triunfo de la ultraderecha en Italia

Patricia Bullrich: "¿Si me ofendí por lo que me dijo Cristina del vino? Brindemos por Mendoza y San Juan"

Euro blue hoy: a cuánto cotiza este lunes 26 de septiembre