News of exchange

Gaza militants hand over eight more hostages

Today 11:17 Hundreds of Palestinians gathered in southern Gaza near the family home of slain Hamas leader Yahya Sinwar Thursday to witness the ceasefire's third hostage-prisoner exchange.

MONETARY POLICY

Argentina weighs managed exchange rate once it lifts currency controls

16-12-2024 19:44 President Javier Milei's government is weighing whether to introduce a managed exchange rate regime — a “dirty float” — once it lifts its current foreign exchange controls in 2025.

MARKETS

Argentina ETF sees record inflows as traders buy Milei’s efforts

25-11-2024 20:53 An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei.

Pyramid schemes

Massive scams reported as 'Ponzidemia' grips Argentina

28-10-2024 14:49 A plague of pyramid schemes are sweeping the nation and draining the pockets of struggling Argentines, costing thousands of people their savings.

CAPITAL CONTROLS

Why Milei can’t lift currency controls any time soon

16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.

'CEPO' STAYS FOR NOW

Argentina isn't ready to lift currency controls, says Milei

10-10-2024 07:47 President says imposing a schedule for the removal of the “cepo” would be to act as a “central planner,” which goes against his ideology.

CRYPTOCURRENCY

Crypto platform suspends payments amid pyramid scheme claims

09-10-2024 09:12 Two alleged executives were actually paid actors.

MILEI IN NEW YORK

Milei lays out clearer currency path as his popularity begins to dip

24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”

MILEI IN AMERICA

Milei in New York: Ringing the Wall Street bell, Elon Musk meet

23-09-2024 13:20 President Javier Milei delivers a speech to traders and invited guests at Wall Street ahead of eagerly awaited address to the United Nations General Assembly later today.

MONETARY POLICY

Argentina to sell dollars in parallel FX market to shore up peso

14-07-2024 09:31 Central Bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, says Economy Minister Luis Caputo.

IMF TALKS?

Argentina: No ‘formal’ talks with IMF over fresh funds

10-07-2024 18:18 Presidential spokesman Manuel Adorni says that “there are talks” ongoing but that no “formal negotiations” over a specific funding programme to help the nation remove currency controls are ongoing.

POLITICS – ANALYSIS

Milei under pressure for the first time

06-07-2024 05:59 If the doubts regarding Milei’s capacity to preside over Argentina were tied to governability risk, Caputo’s are connected to credibility risk: it’s difficult to see how the current policy framework can be sustainable in time.

by Agustino Fontevecchia

UNREST IN BOLIVIA

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.

POLITICS & ECONOMY

Milei says legislative win paves way for monetary policy pivot

28-06-2024 13:56 President Milei says government will change its monetary policy framework following his first major legislative victory.

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.

CEPO NO MORE?

Milei attacks ‘loudmouth’ critics as he denies peso-dollar lag

15-05-2024 16:31 President attacks "loudmouth" economists critical of his exchange rate policy, defends economic programme and says Argentina is "very close" to removing currency controls.

CURRENCY CONTROLS

Argentina to offer bonds in first step to lift currency controls

26-04-2024 13:33 President Javier Milei's government readying a new instrument to allow companies to send dividends abroad, a first step to lift a cobweb of restrictions in its foreign-exchange market.

RELATIONS WITH CHINA

Central Bank chief Bausili among top officials headed to China

18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.

FINANCE

Milei seeks US$15 billion for removal of currency controls

18-03-2024 11:24 President Javier Milei says he would open up restrictions on foreign currency immediately if he has US$15 billion; Money could be provided by the IMF, multilateral bodies, private investors and even “some countries."

APPETITE FOR FOREIGN CURRENCY

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.

FOCUS ON VENEZUELA

Venezuela calls in oil debt it once traded away for literal beans

26-02-2024 10:56 Impoverished and desperate for cash, Venezuela is trying to collect old debts from the Petrocaribe oil exchange programme.

Exchange rate woes

Investors bet Argentina crawling peg to speed up to 6% by April

22-02-2024 11:34 Investors see Argentina's crawling peg accelerating to six percent monthly by the start of the second quarter, according to peso futures data.

Economy

Why the Argentine peso is slipping through Milei’s fingers

18-01-2024 23:30 Despite Javier Milei's best efforts, the gap between blue and official rates remains, and the peso has plunged by about a third against the dollar this year.

FOREIGN EXCHANGE

‘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.

EMERGENCY MEASURES

The 10 ‘emergency economic measures’ announced by Caputo

12-12-2023 21:42 Economy Minister Luis Caputo announced the devaluation of the peso by over 50 percent to the dollar, as Javier Milei's new government seeks to tackle the country's deep economic woes.

DOLLAR

Fernández leaves with 'blue dollar' close to 1,000 pesos a dollar

07-12-2023 16:54 Argentina's president departs the Casa Rosada having overseen large devaluations in the official and unofficial exchange rates.

by Ramiro Speranza

DEVALUATION FEARS

Investors bet on 44% peso devaluation after Milei’s debut

06-12-2023 15:05 Investors are preparing for a 44% devaluation of the country’s official exchange rate after Javier Milei’s inauguration.

MARKETS

Argentina's stock market react with optimism to Milei election

21-11-2023 16:58 Stock market opens up by around 20% before easing off to gains of about 14% – strong reaction to election of new president-elect.

AGRICULTURE & 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.

DEVALUATION

Argentina begins daily micro-devaluations, days from run-off

16-11-2023 12:36 Four days out from the presidential run-off, Argentina's Central Bank begins micro devaluations of the peso.

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.

Bloomberg

Sergio Massa threatens to cut fuel exports amid shortage

30-10-2023 08:21 “If the fuel supply is not resolved by midnight on Tuesday, companies will not be able to send out export ships starting on Wednesday,” Massa tells reporters in Tucumán Province.

BLOOMBERG – ANALYSIS

Recession, inflation, devaluation: Economic troubles in 5 charts

19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.

MARKETS

Argentina ETF sees biggest outflow since 2021 ahead of election

19-10-2023 13:36 An exchange-traded fund that tracks Argentine stocks saw its biggest outflow in more than two years ahead of this weekend’s presidential vote.

HELP FROM BEIJING

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.

'CEPO' ON WAY OUT?

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.

ELECTION 2023

Debt, inflation and the peso: Argentina's election worries

17-10-2023 12:27 As Argentines head to the polls on October 22 for a crucial presidential election, candidates have campaigned hard on proposed elixirs for the country's economic ills.

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

EDITORIAL

We’ve got the blues again

14-10-2023 05:20 Regardless of whether Milei is an economic terrorist or whether the government is the architect of its own destruction, the problems caused by the extreme volatility of this week’s four-digit dollar are all too real with panic price increases across the board.

POLITICAL AND FINANCIAL UNREST

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.

Election 2023

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.

DOLLAR

Government unifies rates on dollar purchases abroad

10-10-2023 15:21 Qatar, solidary and card dollar rates unified via AFIP resolution; Cost of accessing dollars for these types of purchases now reaches 100%. Which transactions will it affect?

CURRENCY WOES

Argentina’s black market peso rate tops 1,000 per dollar

10-10-2023 15:10 Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp sell-off before the October 22 presidential election.

CURRENCY WOES

'Blue dollar' hits 1,000 – pre-election jitters send peso to new lows

10-10-2023 12:25 Argentina's parallel 'blue dollar' broke through the symbolic 1,000-peso mark in parallel markets on Tuesday as citizens scrambled to dump the currency.

FOREIGN EXCHANGE

‘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.

Bloomberg

Peso tumbles with dollarisation rush amping up before vote

05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.

TRADE WOES

Record trading debt: SMEs at risk of default

23-09-2023 05:13 Import debt has reached US$38 billion. Argentina’s small and medium-sized businesses (SMEs or PyMEs) face an increasing number of difficulties in paying suppliers due to restrictions to access the foreign exchange market.

by Ludmila Di Grande

ELECTION 2023

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.

CROSS-BORDER SHOPPING

Border-crossing Uruguayans enjoy bargain shopping in Argentina

11-09-2023 07:42 Faced with the constant devaluation of Argentina's peso, thousands of Uruguayans cross bridges to the neighbouring country every day to take advantage of cheaper goods and services.

DOLLARISATION ON THE CARDS?

Argentina’s dollarisation is a ‘bad idea’, top economists say

07-09-2023 13:13 Dollarising Argentina’s economy — as proposed by presidential candidate Javier Milei — is a bad idea that will do little to solve the country’s long-standing fiscal problems, three of Latin America’s most-renowned economists said.

News of exchange

Gaza militants hand over eight more hostages

Argentina weighs managed exchange rate once it lifts currency controls

Argentina ETF sees record inflows as traders buy Milei’s efforts

Massive scams reported as 'Ponzidemia' grips Argentina

Why Milei can’t lift currency controls any time soon

Argentina isn't ready to lift currency controls, says Milei

Crypto platform suspends payments amid pyramid scheme claims

Milei lays out clearer currency path as his popularity begins to dip

Milei in New York: Ringing the Wall Street bell, Elon Musk meet

Argentina to sell dollars in parallel FX market to shore up peso

Argentina: No ‘formal’ talks with IMF over fresh funds

Milei under pressure for the first time

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

Milei says legislative win paves way for monetary policy pivot

Argentina has surplus harvest, but farmers want more from Milei

Milei attacks ‘loudmouth’ critics as he denies peso-dollar lag

Argentina to offer bonds in first step to lift currency controls

Central Bank chief Bausili among top officials headed to China

Milei seeks US$15 billion for removal of currency controls

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

Venezuela calls in oil debt it once traded away for literal beans

Investors bet Argentina crawling peg to speed up to 6% by April

Why the Argentine peso is slipping through Milei’s fingers

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

The 10 ‘emergency economic measures’ announced by Caputo

Fernández leaves with 'blue dollar' close to 1,000 pesos a dollar

Investors bet on 44% peso devaluation after Milei’s debut

Argentina's stock market react with optimism to Milei election

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

Argentina begins daily micro-devaluations, days from run-off

Uruguayans pile into Argentina to spend record US$1 billion

Sergio Massa threatens to cut fuel exports amid shortage

Recession, inflation, devaluation: Economic troubles in 5 charts

Argentina ETF sees biggest outflow since 2021 ahead of election

China lets Argentina tap extra US$6.5 billion from swap line

Baffling Argentina FX rates on borrowed time as election nears

Debt, inflation and the peso: Argentina's election worries

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

We’ve got the blues again

Recriminations fly as peso flounders ahead of vote

President denounces Milei for fuelling run on currency

Government unifies rates on dollar purchases abroad

Argentina’s black market peso rate tops 1,000 per dollar

'Blue dollar' hits 1,000 – pre-election jitters send peso to new lows

‘Blue’ dollar soars – parallel exchange rate nears 900/greenback

Peso tumbles with dollarisation rush amping up before vote

Record trading debt: SMEs at risk of default

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

Border-crossing Uruguayans enjoy bargain shopping in Argentina

Argentina’s dollarisation is a ‘bad idea’, top economists say

Argentina may send Armed Forces to beef up Triple Frontier security

Trump says United States will detain 30,000 migrants at notorious Guantánamo detention facility

Gaza militants hand over eight more hostages

Trump clash fractures Colombia's ruling coalition

Argentina’s energy export surge quells fears over currency management

Llaryora: “Si les molesta viajar, voy a pedir que se autorice el streaming y lo vean desde la Legislatura”

El gobierno le "recomendó" a Kicillof que derogue la exclusividad del BAPRO para pagar sueldos municipales

Ramiro Marra publicó un mensaje en redes tras su expulsión de La Libertad Avanza: qué dijo

Las "Fuerzas del Cielo" expulsaron a todos los candidatos de La Libertad Avanza votados en 2023 en CABA

Grabois no tuvo piedad con Ramiro Marra: "Lo diste todo, fuiste a lamer las paredes del Jockey Club, y te dijeron 'Atuncito, ¡afuera!'"