News of peso

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.

Election 2023

Massa's gradual approach versus Milei's radical plans

24-10-2023 13:58 Presidential candidates, set to face off in a run-off election on November 19, have diametrically opposing views on everything from economic to foreign policies, and most notably on the size and role of the state..

MARKETS

Argentina assets brace for sell-off after Massa forces run-off

23-10-2023 08:17 Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.

FX MARKET

Gov't depletes room to intervene in currency futures ahead of election

20-10-2023 16:47 Central Bank almost out of room to intervene in currency futures, the main avenue it’s been using to prop up the plunging peso.

Election 2023 preview

Inflation raging at 130% is pushing Argentina down a radical path

19-10-2023 20:55 Presidential candidate Javier Milei is winning over voters with promises to revive what was once one of the world’s wealthiest nations.

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.

DEVALUATION FEARS

Currency fears stall sales of toilet paper, car parts

19-10-2023 13:19 Some firms suspend sales ahead of Sunday's presidential election; Fears of another devaluation are running high as the October 22 vote nears.

Currency woes

A US$500-million cash pile at Argentina’s main airport unnerves banks

19-10-2023 00:06 Banks have seen a sharp increase in dollar withdrawals at their branches ahead of the election. Forced to import cash to meet the surge in demand, a government move meant to stem “irregularities” in foreign trade has compounded concerns.

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.

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.

News of peso

Traders bet on weaker peso as Milei’s IMF deal looms

Argentina disinflation stalled despite strength of the peso

Surge in Argentine tourists fuels Chile retail earnings

Milei’s strong peso revives domestic football with million-dollar contracts

Exeunt severally

Cavallo, Milei and the elephant in the room

Milei’s week of fury

Argentines spend most dollars since 2018 on strong peso policy

Milei fires Cavallo’s diplomat daughter after peso criticism

Super size peso

Energy export surge quells fears over currency management

Is appreciation appreciated?

Betting on Milei, investors choose longer duration

‘Los chachos’: La Rioja launches currency to offset Milei’s shock therapy

Argentina fights on two fronts to defend peso, draining reserves

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

Argentines suddenly need pesos after Milei pitched dollarisation

Milei lays out blueprint toward dollarisation

10,000-peso banknote enters into circulation

Milei sparks wild rally that makes peso number one in the world

Milei sees long slog ahead to bring Argentina reforms he pledged

Milei talks up his peso plans, China, Trump and Israel

Government says high denomination peso bills will arrive in June

Central Bank cuts rates to 80% in surprise move as inflation cools

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

Argentina peso bond puts balloon, spurring inflation risk

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

Milei says Argentina has '85.7% chance of being able to dollarise’

Milei sets June deadline for lifting of capital controls

'It makes me sad': Gloomy times for vacationers in Mar del Plata

Why the Argentine peso is slipping through Milei’s fingers

Argentina to issue 20,000-peso bills as inflation eclipses 211%

Argentina’s market honeymoon fades as peso pressure builds

Government proposes peso debt swap that may top US$71 billion

Argentina still plans to dollarise, Milei’s economy chief says

‘There is no money’: Argentina begins economic shock remedy

The 10 ‘emergency economic measures’ announced by Caputo

Argentina rally put to test as challenges await Milei

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

Argentina investors cheer Milei victory, brace for peso sell-off

IMF toughens stance, questions Massa's measures

Massa's gradual approach versus Milei's radical plans

Argentina assets brace for sell-off after Massa forces run-off

Gov't depletes room to intervene in currency futures ahead of election

Inflation raging at 130% is pushing Argentina down a radical path

Recession, inflation, devaluation: Economic troubles in 5 charts

Currency fears stall sales of toilet paper, car parts

A US$500-million cash pile at Argentina’s main airport unnerves banks

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

We’ve got the blues again

Poverty in Argentina falls sharply as prices cool under Milei

Poverty dropped to 38.1% in second half of 2024, reveals INDEC

Caputo: Argentina wants a ‘high’ first disbursement from IMF

Cristina Fernández de Kirchner appeals corruption conviction to Argentina’s Supreme Court

Trump says 'not joking' about possible third term as US president

Revés judicial para Camioneros: los trabajadores de Mercado Libre seguirán bajo el sindicato de Carga y Descarga

Agustín Salvia explicó por qué "no hay mucho que festejar" sobre la caída de la pobreza que celebra Milei

A cuánto cerró el real blue hoy, lunes 31 de marzo de 2025

ANSES confirmó el calendario completo de pago de todas las prestaciones de abril 2025

La Orquesta Estable del Teatro Colón brindará un concierto gratuito en la Usina del Arte