Blue Dollar Updates 
Argentina’s monthly inflation increased at a rate below expectations, influenced by significant electoral activity in Buenos Aires Province that has contributed to fluctuations in currency stability. In August, consumer prices experienced a 1.9 percent increase compared to July, slightly under the two percent median forecast from economists, aligning with the figures reported for July. Annual … Read more
Argentina’s inflation remained unchanged at 1.9% in August, consistent with the previous month, according to data. Prices increased by 33.6% over the last year, a slight decrease from the 36.6% observed in the year leading up to July. Transport prices experienced a notable increase of 3.9%, primarily driven by rising costs in vehicles and fuel. … Read more
Markets expressed concern following Peronism’s surprising landslide victory in Buenos Aires. Currently, President Javier Milei is confronted with a multitude of economic challenges as the national elections in October approach. The opposition secured victory by 13 percentage points, a significantly broader margin than anticipated. The exchange rate and country risk index experienced a significant increase … Read more
Following the surprise landslide victory of the Peronists in the Buenos Aires legislative elections, the retail market saw a 7% increase in the currency rate to as much as AR$1,470 per U.S. dollar, we saw a 20% decline in Argentine equities. The EMBI or country risk index, which assesses the probability of a debt default, … Read more
A recent estimate suggests that Argentina’s hydrocarbon output may be on track for a record year. A report indicates that the nation is poised to achieve its peak oil production level of the century thus far, along with unprecedented gas production in 2025. The increase in “unconventional oil and gas production” driven by the Neuquén … Read more
After a crushing setback to the centre-left Peronist opposition on Sunday, President Javier Milei pledged to retain his free-market economic policy. The Peronist opposition won 47 percent of the provincial election over Milei’s La Libertad Avanza party’s 34 percent with 91 percent counted. Buenos Aires Province, the country’s largest and a Peronist bastion for decades, … Read more
Argentina’s Human Capital Ministry has acknowledged in an official filing that a comprehensive audit of community soup kitchens receiving state funds, which was utilized by President Javier Milei’s administration to rationalize the cessation of food supplies, is “non-existent.” The disclosure substantiates the assertions made by the opposition that the administration misrepresented facts when a senior … Read more
An ongoing debate in Argentina’s economy centers on the question of whether interest rates should be determined by the Central Bank or the market. Unsurprisingly, libertarian President Javier Milei holds this view. In 2023, he advocated for the closure of the Central Bank. He did not succeed. The Milei government appears inclined to attribute the … Read more
President Javier Milei aims to uphold his libertarian revolution within the temporary brick dwellings and vacant warehouses of Argentina’s most perilous district during his pivotal election. The leader, embroiled in controversy, commenced his assembly campaign in La Matanza. The vote on September 7 serves as a precursor to the midterm elections in October, during which … Read more
Argentina was sued by former minority owners of oil and gas corporation YPF in New York in 2023 for not allowing them to sell their interests following the company’s 2012 nationalization. In a lengthy discovery fight over Argentina’s seizable assets, Judge Loretta Preska ordered current and previous economics ministers to provide their WhatsApp chat records. … Read more