Blue Dollar 
Argentina was facing an economic crisis in late 2023 when inflation blew past 140% a year. The country’s peso had fallen in value so quickly that banks had to expand storage for physical cash. This meant that Argentinians needed to carry thick stacks of cash even for a simple trip to the grocery store. … Read more
Glencore Plc has submitted applications to incorporate two copper projects, with a total capital expenditure projected to exceed US$13 billion, into Argentina’s investment incentive programme. The commodities firm based in Switzerland is pursuing the tax, customs, and currency exchange advantages provided by the government program for El Pachón in San Juan Province and Agua Rica … Read more
A New York appeals court has granted Argentina’s request to halt the transfer of 51 percent of YPF shares as it considers appeals related to the ruling mandating the country to compensate two companies with US$16.1 billion due to the oil firm’s nationalization in 2012. Argentina will consequently retain its YPF shares during the ongoing … Read more
For both the government and the opposition, the central issue revolves around the extent of spending on pensions, with scant attention given to the potential for achieving greater outcomes with reduced resources. The presidential vetoes enacted last weekend concerning legislation for pensioners and the handicapped, coupled with the midweek passage of the university funding bill … Read more
Investors are increasingly allocating capital to Argentina’s local markets, capitalizing on the significant depreciation of the peso and the decline in domestic bonds to enhance their exposure to the nation’s assets. Vontobel Asset Management has engaged in the acquisition of Boncer bonds, which are inflation-linked notes issued by the government. Meanwhile, Neuberger Berman has taken … Read more
Different segments of Argentina have different consumer habits. The housing market is experiencing robust growth in Javier Milei’s Argentina. Automobiles are rapidly being sold, and prominent airlines are increasing their flight offerings to Buenos Aires in response to the rising demand for travel. Yet restaurants are increasingly vacant, hotels are at best operating at fifty … Read more
Argentina’s government blames local banks, big industry, and the establishment for the third currency run of its administration. Milei sees it as a political attack on his economic plan. Heidentifies his scapegoats for the turbulent conditions affecting monetary markets at the end of the month. In addition to the well-known “Kukas” (which are relatively straightforward … Read more
Argentina’s peso exhibited a notable appreciation on Thursday following the announcement by authorities regarding an increase in reserve requirements for banks. This move is aimed at bolstering the currency in the wake of a significant local debt auction that did not meet market expectations. The central bank has raised reserve requirements by five percentage points … Read more
President Javier Milei’s economic programme is fundamentally anchored in the expectation that Argentina will significantly enhance its export capacity in the years ahead. However, projections tend to perform more effectively in theory than in practice. It is not uncommon for a nation, such as Argentina, to focus solely on its internal affairs, seemingly oblivious to … Read more
Argentina’s local debt auction on Wednesday did not meet market expectations, as President Javier Milei’s administration managed to roll over only 61 percent of maturities in a crucial auction. Analysts suggest that this outcome may lead to a depreciation of the peso. The Treasury executed a rollover of 9.1 trillion pesos from the 15 trillion … Read more