Inflation & Currency Closing the 'escape valve' – Venezuela pursues de-dollarisation 06-05-2022 10:45 Venezuela is now trying to re-energise its own currency, the bolívar, which has been crippled by devaluation in recent years.
BLOOMBERG Volatility roars back to Argentina's FX market on commodities drop 27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.
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.
CENTRAL BANK Argentina's Central Bank raises key rate to 44.5% as inflation heats up 23-03-2022 15:42 Central Bank raises benchmark rate for the third time this year as inflation continues to speed up.
CRYPTOCURRENCIES Cryptocurrencies prove a lifeline in Argentina’s chaotic economy 10-03-2022 19:32 Workers are increasingly getting paid in cryptocurrency to circumvent exchange controls and to protect them from currency swings and 50 percent inflation.
Bloomberg Vista: Argentina FX rules won’t change soon even with IMF deal 23-02-2022 17:34 Vista CEO Miguel Galuccio does not expect a drastic change to Argentina's exchange rate rules in the short term.
BLOOMBERG Argentina’s Central Bank raises key rate to 42.5% 18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.
Bloomberg Argentina’s 50% inflation has crypto credit cards booming 16-02-2022 20:41 With inflation surging at a more than 50% annually, cryptocurrency exchange Lemon Cash plans to increase issuance of Bitcoin rewards cards this year.
ECONOMIC INDICATORS Peso weakens against dollar in parallel exchange markets 26-01-2022 18:34 Argentina's currency depreciated even further on parallel foreign exchange markets on Wednesday, hitting a record 221 pesos per US dollar.
BLOOMBERG Argentina asks China to expand yuan swap to strengthen reserves 26-01-2022 13:48 Argentina has already requested the increase and the topic will be discussed next week in Beijing with Chinese President Xi Jinping when President Alberto Fernández travels there for the Winter Olympics, a second person said.
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.
BLOOMBERG Argentina takes axe to soy forecast, outpacing USDA's reduction 13-01-2022 15:59 Argentina’s key agriculture areas have been hit by intense and prolonged heat, coupled with little or no rain.
BLOOMBERG Central Bank hikes rate for first time in a year 07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy.
ECONOMIC INDICATORS Blue dollar soars to record high as New Year draws closer 30-12-2021 13:10 Argentina's currency plunged on Wednesday on the parallel market, with the ‘blue’ dollar hitting a record high of 209 pesos, marking a 103 percent gap with the official exchange rate of 108.16 per greenback
BLOOMBERG Argentina bourse doubles down on drought risk for soy, corn 14-12-2021 12:03 Crop health depends on the February rains and may not fall until mid-March, causing a significant reduction in harvests.
BLOOMBERG Miguel Pesce: FX adjustment not included in IMF talks 02-12-2021 14:28 Negotiations to reach an agreement with the International Monetary Fund do not foresee an exchange-rate adjustment, said Central Bank chief Miguel Pesce.
BLOOMBERG Argentina pitches its weak currency to attract digital nomads 02-12-2021 14:08 To make up for lost tourism, Buenos Aires wants international remote workers to take advantage of favourable exchange rates.
FINANCIAL TURBULENCE Central Bank reserves at the limit as rumours swirl around Argentina 30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.' by Brenda Funes
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.
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.
FINANCIAL TURBULENCE Blue dollar takes a breather after week of turbulence 12-11-2021 22:04 The so-called ‘Blue Dollar’ fell to 202 pesos per greenback on the last business day before the elections.
Finance & Markets Currency turbulence continues in lead-up to midterms 10-11-2021 22:49 Argentina's currency fell sharply on Wednesday in unofficial exchanges, with the so-called 'blue dollar' selling at an all-time high of 205 pesos.
ELECTIONS 2021: ANALYSIS Inflation, exchange rate turmoil complicates government’s election hopes 08-11-2021 11:20 Incessant price rises and the runaway blue dollar are key concerns for the Peronist government as campaigning for Argentina’s midterm elections enters final week. by Mirta Fernandez
FINANCIAL TURBULENCE Currency turbulence continues: Blue dollar closes at 199 05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.
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 – ANALYSIS Argentina's peso weakens past key level in parallel market 22-10-2021 19:01 Argentina’s parallel exchange rate weakened past a key threshold on Friday, as demand for assets in hard currency climbed ahead of the upcoming midterm elections in November.
And that reminds me... Importing no less important 09-10-2021 12:12 Everybody hails the importance of exports. Imports have no such luck. by Michael Soltys
BUDGET 2022 Argentina's 2022 Budget sees primary deficit falling to 3.3% 16-09-2021 10:24 Budget bill, presented to the Chamber of Deputies just before midnight on Wednesday, forecasts inflation reaching 33% in 2022.
BLOOMBERG – ANALYSIS The problem with Latin America’s rate hikes: they barely work 09-09-2021 14:25 From Brazil to Mexico, banks tighten faster than global peers; Unstable politics and off-the-books economies limit the impact
GUEST VOICE The challenge of reducing the gap between exchange rates 04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments. by Miguel Kiguel
IMF BOOST IMF’s special drawing rights gives boost to Central Bank reserves 23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.
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.
Bloomberg Government speeds up money printing ahead of election 28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.
politics Sputniks, dollars and justice: three things we’re missing 24-07-2021 00:38 Over the past few weeks, the so-called “pax cambiaria,” or exchange rate stability, that allowed for a very sluggish decline in inflation and a timid recovery in economic activity has been disturbed by turbulence. by Agustino Fontevecchia
exchange rate Blue dollar rises to 185, highest price since October 23-07-2021 19:25 Argentina’s currency continues to depreciate in parallel exchange markets; Informal ‘blue’ dollar rate has risen by 17 pesos so far in July.
Bloomberg Not even 50% inflation will make Argentina boost interest rates 23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.
Bloomberg Argentina spawns another FX rate as government clamps down 15-07-2021 14:49 Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.
Securities regulator steps in Argentina imposes new restrictions on parallel exchange rates 11-07-2021 08:31 Government moves to limit operations in the parallel exchange rate known as the blue-chip swap rate.
BLOOMBERG Argentina’s peso mess is delivering windfall profits to brokers 14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.
BLOOMBERG - ANALYSIS Argentina resorts to unorthodox tools to fight 40% inflation 17-03-2021 13:24 Argentina is once again turning to a combination of unconventional policy tools to curb inflation, which is expected to near 40 percent this year.
BLOOMBERG Banco Galicia CEO: Inflation will keep battering banking returns 19-02-2021 12:42 Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
Argentine-born banker JP Morgan's Aguzin named Hong Kong stock exchange's CEO 09-02-2021 16:54 Argentine-born banker Nicolás Aguzin appointed Hong Kong Stock Exchange's new chief executive, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the financial hub.
ECONOMIC INDICATORS Argentina posts first trade deficit since 2018 after port strike 27-01-2021 11:08 Country recorded a trade deficit of US$364 million in December, government data published Tuesday showed. While imports grew 25% in annual terms driven by an economic recovery, exports slumped by 34%.
AGRO TENSIONS Amid tension, Farming groups call three-day halt to grain trading 09-01-2021 07:37 Three-day stoppage next week called by three of four main agricultural groups to protest suspension of maize exports.
FINANCIAL TURMOIL 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.
BLOOMBERG Creditors blast Argentina for post-restructuring bond blow-up 22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.
IN FOCUS Economy Ministry takes steps to relieve pressure on currency markets 21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.
Exchange rate Fernández says no devaluation of peso on the way 14-10-2020 08:09 Argentina’s government is not going to devalue the peso, President Alberto Fernández said Tuesday night amid widespread speculation on the issue.