News of pesos

Bitcoin is trumping dollars for many inflation-weary Argentines

19-03-2024 14:59 Argentines are buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars.

Living with inflation

The Odyssey: Making it to the end of the month amid runaway prices

07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt.

by Agustina Bordigoni

BLOOMBERG – FEATURE

Argentina cracks as peso plunge raises risk of messy devaluation

28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.

FINANCIAL TURBULENCE

President Fernández accuses opposition of fuelling peso fall

25-04-2023 17:55 Argentina's currency extends multi-day slump to weaken on parallel exchange markets against dollar to 497 pesos per greenback, with President Alberto Fernández and Economy minister Sergio Massa lashing out at "rumours and false reports."

FINANCIAL TURBULENCE

Economy minister vows to use ‘all tools’ to stop peso’s slump

25-04-2023 15:10 Argentina’s Economy Minister Sergio Massa vowed to staunch a collapse in the nation’s parallel currency rates as the peso’s worth slumps to record lows.

FINANCIAL TURBULENCE

Massa to use ‘all state's tools’ to counter exchange rate turmoil

25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.

ECONOMY MINISTRY

Government raises income-tax floor to half a million pesos

25-04-2023 13:29 Government raises income-tax floor to 500,000 pesos as inflation bites into pockets of workers.

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.

DEBT SWAP OFFER

Argentina's officials, analysts disagree on results of debt swap

12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.

DEBT SWAP

Government swaps US$21.7 billion of debt, easing default fear

09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.

DEBT SWAP

Argentina to swap peso debt to ease US$35-billion default fear

07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.

DEBT SWAP

Argentina to offer local debt swap to ease default fears

06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.

Bloomberg

Argentina looks to roll over US$1.6 billion of local debt mountain

15-02-2023 11:48 Local debt auction will serve as a final test of local investors' appetite for government peso debt as annual inflation continues to soar.

BILLS, BILLS, BILLS

Central Bank approves higher denomination 2,000-peso bill

02-02-2023 17:43 Monetary authority approves move to accommodate the needs of banks and shopkeepers; More than eight billion banknotes in circulation in Argentina, with inflation eating away at value of each.

EXCHANGE MARKET

Argentina’s elaborate ploy to lure tourists has begun

21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.

BLOOMBERG – ANALYSIS

From Coldplay shows to the World Cup, Argentina mixes exchange rates

12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.