July inflation in Argentina reaches 1.9%

In July, Argentina experienced a monthly inflation rate of 1.9%, as reported by the INDEC statistics bureau on Tuesday. It marks the second consecutive month of increase in the Consumer Price Index (CPI) following June’s rate of 1.6%. Inflation experienced a variation of 17.3% over the initial seven months of 2025, alongside a year-on-year increase … Read more

Digital Currencies

From Blue Dollars to Digital Coins: How Alternative Currencies Are Shaping Transactions in Argentina

In 2025, Argentina still struggles with inflation and currency instability. Under President Milei, annual inflation fell from 211% in 2023 to 39.4% by March 2025, with monthly figures near 1.5% in June. The peso now trades officially between ARS 1,000 and 1,400 per USD, yet dollars remain in high demand. The blue dollar trades at … Read more

Government expenditure at 10-year high

Corporate defaults peak since 2020

Javier Milei’s reforms have introduced a degree of stability to Argentina’s previously tumultuous foreign exchange market, garnering commendations from investors. However, the overhaul is simultaneously driving the most significant wave of corporate defaults observed since the pandemic. Local borrowing costs are experiencing a significant increase, particularly impacting companies that rely heavily on the peso. Many … Read more

Pre-auction Argentina peso debt rates hit record high

A sharp rise in borrowing costs comes as the government prepares for a peso debt auction Wednesday to roll over US$17.4 billion in maturities, or a third of the economy’s money. On Monday, yields on the Argentine government’s short-term notes reached unprecedented levels, occurring merely two days prior to an auction by the Treasury that … Read more

SME retail sales fell 5.7% in July

The Argentine Chamber of Medium-sized Enterprises reported 2% retail sales decline and flat consumption due to declines in most sectors and lower margins.  In July, small and medium-sized retail sales experienced a decline of 2% compared to the same month in the previous year, as reported by the Argentine Confederation of Medium-Sized Enterprises (CAME). In … Read more

US Dollar - Argentina Peso

Experts say Argentina’s dollar thirst could lead to illegal funds

Following Economy Minister Luis Caputo’s call for Argentines to withdraw their dollars and “remonetise” the economy without answering questions, experts worry about legal and tax consequences. Argentina’s government is implementing new deregulatory measures that will enable individuals to utilize US dollars held outside the banking system without the need to disclose the source of these … Read more

Javier Milei

Milei returns to vetoes after Congress’s rejection

President threats budget offenders with jail, accuses adversaries of “genocide” and suggests court fight over laws passed after congressional defeats. Javier Milei conducted his seventh nationwide broadcast since assuming office on Friday, utilizing the opportunity to rationalize a series of vetoes that were published in the Official Gazette earlier in the week under Decree 534/25. … Read more

Lower export duties: the government wants farm dollars to cool the dollar

Amid a dollar shortage, President Javier Milei’s announcement of a permanent reduction in farm export duties emphasizes the importance of facilitating hard currency flow in foreign exchange markets, potentially at the expense of fiscal accounts. The initiative seeks to encourage liquidations to mitigate exchange rate pressures in the lead-up to the midterms, thereby impacting tax … Read more

Milei vows to ban deficit budgets: ‘Even if they say I’m cruel’

Argentine President Javier Milei has declared his intention to submit a bill to Congress that would prohibit the approval of national budgets featuring fiscal deficits. The leader announced his intention to “wall” his austerity measures during a nationwide radio and TV broadcast on Friday night, coinciding with his veto of recently passed Congressional laws aimed … Read more