News of foreign exchange

Argentina seeks bigger China swap line to prevent peso sell-off

24-05-2023 10:48 Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up reserves.

BLOOMBERG - ANALYSIS

JP Spinetto: Argentina’s problem is economic malpractice, not the peso

17-05-2023 09:24 Dollarisation won’t bring much-needed stability to South America’s second-largest economy.

BLOOMBERG – ANALYSIS

Central banks use record amount of yuan via PBOC swaps

16-05-2023 10:59 Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status.

DOLLARS & RESERVES

Government's bid to bring in dollars stumbles as peso falls faster

20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.

ENERGY

Vaca Muerta: Government's ace in the hole against energy price hikes

01-02-2023 10:37 Upward inflationary trend in first three months of year set to continue with further increases in utility prices on the way. But the government is banking on Vaca Muerta and the Néstor Kirchner gas pipeline continuing to pay off.

WORLD ECONOMY

Strong US dollar an unstoppable force endangering other currencies

30-09-2022 14:19 The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a severe currency crash that could reverberate around the world.

Bloomberg

Argentina unveils currency measures as black-market peso slumps

21-07-2022 19:28 Foreign tourists can exchange up to US$5,000 in a new exchange rate revealed by the government, which is attempting to perk up the currency after a slump for the ‘dólar blue'

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.

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.