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.
BLOOMBERG Argentines are finding it almost impossible to purchase dollars 21-09-2020 19:28 Savers are finding it impossible to buy dollars through official channels as banks struggle to adjust to rule changes that tightened restrictions.
Bloomberg Pesce, Guzmán split over curbs on dollar purchases 17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.
BLOOMBERG YPF leads Argentina corporate bond rout on new forex limits 16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.
CURRENCY CONTROLS 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.
Currency controls Fernández hints at changes to US$200 greenback purchase quota 16-08-2020 08:01 Peronist leader says Argentina is facing high demand "from small savers," with knock-on effect for country reserves. Central Bank officials, however, say no changes are planned.
capital controls Banks block accounts of those suspected of trying to circumvent dollar quota 17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.
EXPROPRIATION OF VICENTIN Vicentin’s expropriation and how to break bad news 20-06-2020 09:26 A Peronist expropriation, and maybe even nationalisation, sounds like the best way to burn a lot of money straight into inefficient bureaucracy and corruption. by Agustino Fontevecchia
ECONOMIC INDICATORS Just seven properties were sold in Buenos Aires City in April 27-05-2020 15:05 Just seven properties were sold in the capital last month amid the coronavirus lockdown – a 99.7 percent drop in comparison with the same month last year.
BLOOMBERG Government struggles to stop precious dollars draining away 26-05-2020 16:18 Foreign currency reserves dropped to a four-year low last week, totalling less than they did when the International Monetary Fund started its mega-loan programme with Argentina in 2018.