CURRENCY, FX POLICY Peso will float freely, but it’s not yet time, says Bausili Today 10:24 Argentina’s exchange rate will be fully liberalised “in time,” says Central Bank Governor Santiago Bausili at event in Washington.
Editorial Floating on air? 19-04-2025 06:00 Milei might echo Alfonsín by proclaiming: “Happy Easter, the dollar is in order” but early days – a more total exit from currency and capital controls by Macri in in late 2015 was even smoother, without ensuring him a happy ending.
ECONOMIC INDICATORS What was the exchange rate when Milei came into office? 16-04-2025 16:10 Official exchange rate almost doubled from near 400 pesos to 838 pesos per greenback in the initial four days after Milei’s inauguration – now it stands closer to 1,200.
ANALYSIS: SHOCK THERAPY Milei risks reigniting inflation by floating Argentina’s peso 16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.
IMF BOOSTS RESERVES Central Bank reserves hit US$36 billion after first IMF tranche 15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.
AGRICULTURE & ECONOMY Milei tells farmers to sell soy now as peso slides 12% 14-04-2025 19:08 Farmers are starting to harvest their soy crop, worth billions of dollars in export revenues that Milei desperately needs at the Central Bank. But, so far, they have traded it at a crawl.
ECONOMIC CHANGES Peso slides, bonds jump after FX rules lifted 14-04-2025 13:46 Argentina’s sovereign debt climbed Monday while the peso slipped after the country lifted most of its currency-market restrictions.
CURRENCY WARS Argentina's Central Bank sells up to US$400 million to defend peso 11-04-2025 17:32 Argentina's Central Bank sold as much as US$400 million to defend the peso on Friday – the most in a day since mid-March.
BLOOMBERG - ANALYSIS Milei needs rush of soy dollars to calm peso sell-off in Argentina 09-04-2025 17:42 Like his predecessors, President Javier Milei is depending on the soy harvest to manage one of the word’s most volatile currencies.
ANALYSIS: SHOCK THERAPY Traders bet on weaker peso as Milei’s IMF deal looms 26-03-2025 21:39 Investors see Argentina’s peso on the verge of devaluation again, but for Javier Milei, such a step could prove costly – especially ahead of midterm elections in October.
ECONOMY – ANALYSIS Argentina disinflation stalled despite strength of the peso 15-03-2025 10:52 Economists surveyed by Argentina’s Central Bank expect year-on-year inflation to plunge to 23% this year.
ECONOMY Surge in Argentine tourists fuels Chile retail earnings 11-03-2025 16:06 Argentina's strong peso encouraged 2 million people to travel to Chile last year, boosting earnings for retailers and airlines on the other side of the border.
SHOCK THERAPY Milei’s strong peso revives domestic football with million-dollar contracts 25-02-2025 15:35 President’s peso policy has domestic clubs spending big; More than two dozen players now make US$1 million or more a year.
EDITORIAL Exeunt severally 15-02-2025 06:26 Volatility would seem to be the middle name of the Milei administration.
ANALYSING ARGENTINA Cavallo, Milei and the elephant in the room 15-02-2025 06:08 Besides numbers, markets measure moods and tones. And the tone they got from President Javier Milei this week may not have been reassuring. by Marcelo J. García
POLITICS & ECONOMY – ANALYSIS Milei’s week of fury 15-02-2025 06:05 The market has doubts as to whether Milei and Caputo can sustain what is clearly a super strong peso, forcing them to come out publicly to defend their policy choices. The level of aggression with which they have defended their position suggests that the risks to their strategy are real. by Agustino Fontevecchia
Currency flows Argentines spend most dollars since 2018 on strong peso policy 11-02-2025 12:29 Argentines are spending the most amount of dollars in years as they cash in on a strong peso.
SINS OF THE FATHER? Milei fires Cavallo’s diplomat daughter after peso criticism 10-02-2025 16:45 Milei removes Sonia Cavallo as Argentina’s ambassador to the Organisation of American States following criticism from her father, Domingo Cavallo.
Editorial Super size peso 08-02-2025 06:46 The peso is a palpably overvalued currency. Denialism is not the solution but nor is devaluation.
Energy Export Energy export surge quells fears over currency management 29-01-2025 11:20 BlackRock, Barings say energy dollars should quell Argentina’s foreign exchange concerns.
BEYOND THE HEADLINES Is appreciation appreciated? 09-01-2025 19:37 Currency appreciation has been a central factor in giving Milei a dream spring – let us see if that same factor impelling several million Argentines to vacation abroad this summer sends the balance of payments wheel spinning in the opposite direction. by Michael Soltys
ANALYSIS: SHOCK THERAPY Betting on Milei, investors choose longer duration 27-11-2024 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.
FEATURE ‘Los chachos’: La Rioja launches currency to offset Milei’s shock therapy 03-09-2024 15:48 The remote province of La Rioja has created its own currency, the chacho, as an alternative to the peso to try to revive its moribund economy.
DOLLAR RESERVES Argentina fights on two fronts to defend peso, draining reserves 02-08-2024 14:14 Argentina’s decision to extend its defence of the peso to the parallel market is draining its foreign currency reserves and denting the most fragile of commodities in its battered economy: investor confidence.
FOREIGN CURRENCY RESERVES Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt 26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.
THIRST FOR CURRENCY Argentines suddenly need pesos after Milei pitched dollarisation 04-06-2024 08:48 More people in Argentina are now selling some of their dollar savings for pesos to make ends meet than those buying greenbacks – the abrupt revival of demand is an unexpected consequence of President Milei's shock-therapy policies.
DOLLARISATION ON THE CARDS? Milei lays out blueprint toward dollarisation 23-05-2024 01:31 Milei says that after clearing the Central Bank’s balance sheet, Argentina would move toward a free competition of currencies, which means the peso and US dollar would both become legal tender.
BILLS, BILLS, BILLS 10,000-peso banknote enters into circulation 07-05-2024 22:10 In a move that recognises runaway inflation of almost 290 percent, Argentina launches a new high-denomination banknote of 10,000 pesos – worth around US$11.
BLOOMBERG – ANALYSIS Milei sparks wild rally that makes peso number one in the world 25-04-2024 15:17 Four months into office, President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: stabilising Argentina's currency.
BLOOMBERG INTERVIEW Milei sees long slog ahead to bring Argentina reforms he pledged 05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected.
BLOOMBERG INTERVIEW Milei talks up his peso plans, China, Trump and Israel 05-04-2024 09:44 Libertarian leader discusses fiscal and monetary plans, his approach to one of his country’s biggest trading partners and creditors, and much more in interview with Bloomberg News Editor-in-Chief John Micklethwait.
CURRENCY Government says high denomination peso bills will arrive in June 19-03-2024 16:00 New 10,000-peso and 20,000-peso bills will go into circulation in June, says Central Bank – what are the new designs and who stars on them?
MONETARY POLICY Central Bank cuts rates to 80% in surprise move as inflation cools 12-03-2024 09:43 Central Bank unexpectedly cuts banchmark interest rate as policy-makers forecast cooling of inflation.
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.
Argentina peso bond Argentina peso bond puts balloon, spurring inflation risk 05-03-2024 14:16 Puts on Argentina’s peso debt issued by the Central Bank have surged under Javier Milei’s government, reaching a record and prompting officials to scale back their use amid growing investor concern.
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.
DOLLARISATION ON THE CARDS? Milei says Argentina has '85.7% chance of being able to dollarise’ 15-02-2024 16:55 Argentina’s libertarian leader claims that neither zero deficit or the shuttering of the Central Bank is up for negotiation and that there is a good chance of dollarisation “at market rate.”
ECONOMIC POLICY Milei sets June deadline for lifting of capital controls 08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.
ECONOMIC CRISIS 'It makes me sad': Gloomy times for vacationers in Mar del Plata 22-01-2024 16:39 Light traffic, half-full beaches and a semi-empty city – in Mar del Plata, Argentina’s leading summer tourist destination, business is far from booming.
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.
BILLS, BILLS, BILLS Argentina to issue 20,000-peso bills as inflation eclipses 211% 12-01-2024 09:55 Argentina is preparing to offer larger denomination peso bills in an attempt to simplify daily transactions.
MARKETS Argentina’s market honeymoon fades as peso pressure builds 05-01-2024 14:35 Investors are anticipating Argentina’s currency to come under increasing pressure weeks after new President Javier Milei devalued it by 54%, a sign that the market is souring on his initial moves.
DEBT SWAP OFFER Government proposes peso debt swap that may top US$71 billion 05-01-2024 14:30 Argentina’s government is proposing a debt swap to banks in the country that could top US$71 billion for peso notes due this year with the aim of postponing maturities and reducing the financial deficit to zero.
DOLLARISATION ON THE CARDS? Argentina still plans to dollarise, Milei’s economy chief says 15-12-2023 09:13 “The objective remains the same — to get to dollarisation,” declares Economy Minister Luis Caputo.
BLOOMBERG – ANALYSIS ‘There is no money’: Argentina begins economic shock remedy 13-12-2023 11:41 Measures include 54% peso devaluation, additional 2% a month; Plan seen as step in the right direction, perhaps insufficient by traders.
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.
PRESIDENT MILEI Argentina rally put to test as challenges await Milei 09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.
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 investors cheer Milei victory, brace for peso sell-off 20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.
IMF DEBT DEAL IMF toughens stance, questions Massa's measures 09-11-2023 19:42 Directors on multilateral lender's board reportedly concerned by dramatic loss of reserves as they toughen criticism of Argentina’s government.