News of money

Venezuelans desperately ditching bolivars as inflation bites

10-08-2021 14:02 Venezuela announced Thursday it would knock six zeroes off its currency – the third time in 13 years it has redenominated the bolivar. Faith in physical bank notes is at an all-time low, and people want rid of them.

Venezuela to slash six zeroes from its currency

05-08-2021 14:25 Venezuela will slash six zeroes off its inflation-battered currency to make it easier to use, the Central Bank said on Thursday.

Central Bank warns citizens of risks of cryptocurrencies

21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.

Money printer goes quiet and Argentina's government gets squeezed

28-04-2021 21:14 The Central Bank’s fight against inflation is upending the local bond market and squeezing government finances as Argentina struggles to regain traction while the pandemic rages on.

More of the same?

13-03-2021 05:48 The kick-off of the October electoral campaign promises to be brutal for future expectations. Government and opposition will duke it out once again, using all of the usual dirty tricks.

by Agustino Fontevecchia

Face mask row gets bawdy in Bolsonaro's Brazil

12-03-2021 01:45 A roiling row over face masks in President Jair Bolsonaro's Brazil veers into not-safe-for-work territory.

Lázaro Báez sentenced to 12 years in jail for money-laundering

24-02-2021 17:49 Businessman Lázaro Báez, at the centre of a corruption probe involving ex-presidents Cristina Fernández de Kirchner and Néstor Kirchner, was sentenced to 12 years in jail Wednesday on money-laundering charges

Consumers predict inflation will hit 45% this year

30-01-2021 08:00 New survey reveals consumers expect prices to soar over next year; International Monetary Fund cuts Argentina’s growth forecast for 2021, predicting 4.5% rise in GDP this year.

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.

Brazilian senator caught hiding money 'between buttocks'

15-10-2020 19:38 A Brazilian lawmaker has stepped down from his position representing President Jair Bolsonaro’s government and been suspended from the Senate, after police searched his house and found allegedly illegally obtained cash hidden in his underwear.

Brazil's Lula faces new charge of money-laundering

15-09-2020 08:24 Prosecutors in sprawling 'Lava Jato' corruption investigation charge former president with money-laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case.

With a track record of disasters, Argentina and IMF think small

12-09-2020 10:36 It’s only two years since the IMF broke its own credit records by offering Argentina US$57 billion. Now, talks over a new financing programme are beginning anew.

Lázaro Báez granted house arrest but yet to be released

10-07-2020 16:32 Alleged Kirchnerite frontman, who stands accused of raft of corruption offences, granted house arrest by court, prompting angry reaction from his future neighbours. Release will not be until next week at earliest, with row over high bail set as part of condition.

Federer tops list of world's highest-paid athletes, with Messi third

01-06-2020 15:40 Tennis superstar Roger Federer tops Forbes list after earning US$106.3 million before tax in 2019. Argentina skipper Lionel Messi comes in at third with US$104 million, just behind Cristiano Ronaldo.

May 9th-16th: What we learned this week

16-05-2020 09:09 Stories that caught our eye in the last seven days.

Epidemiologists versus economists

09-05-2020 11:01 There are few places in which the habit of assuming that economic policy should be left to would-be ethicists is more firmly entrenched than it is in Argentina.

by James Neilson

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

11-04-2020 10:07 Central Bank chief Miguel Ángel Pesce on the economy, printing money, the coronavirus pandemic and the problems that lie ahead.

by Jorge Fontevecchia

IMF rejects Maduro's bid for emergency US$5-billion loan to fight virus

18-03-2020 10:18 Fund says request can't be considered because there was no clarity among its 189 member states on who it recognises as Venezuela's rightful leader: Nicolás Maduro or Juan Guaidó.

Argentine fighter wins US$1 million – but won't bring prize money home

06-01-2020 09:12 “I’m not going to be so stupid as to take even one dollar back to Argentina,” says Sordi, after winning Professional Fighters League’s light heavyweight title at Madison Square Garden.

Government will continue making payments during debt talks, says Pesce

19-12-2019 07:42 Speaking at event at the American Club, new Central Bank chief says government wants to continue making debt payments while it renegotiates with creditors in the coming months.