Blue Dollar Updates 
Argentines are now prohibited from purchasing U.S. dollars in the official wholesale market via e-wallets, following a statement from the Central Bank on Tuesday, which clarified that fintech firms had never received authorization to engage in the sale of the currency. The authorities assert that this does not represent a new limitation on the availability … Read more
Argentina presents significant natural diversity alongside a vibrant cultural landscape. In recent times, it has been progressively implementing strategies to draw Chinese tourists, catering to their preferences by introducing digital payment options and providing guides fluent in Mandarin. This presents multiple avenues to enhance tourism from China, yielding economic advantages for local industries and the … Read more
The President of the United States, Donald Trump, is set to welcome President Javier Milei for discussions at the White House on October 14, a move that further strengthens his ally following the unveiling of a multi-billion-dollar rescue package from the US. The meeting is scheduled for two weeks prior to the much-anticipated midterm elections … Read more
Argentina’s peso is facing renewed pressure, prompting government intervention to prevent a significant decline shortly after a demonstration of US support had bolstered the nation’s financial markets. The currency experienced a decline exceeding six percent. On Tuesday, the market experienced its most significant intraday decline since September 8, prior to the government’s intervention in the … Read more
President Javier Milei stated that Argentina has obtained financing through the end of next year and is developing longer-term strategies, providing a temporary uplift to the nation’s assets. Milei, during his initial media interview following the US’s provision of a US$20-billion lifeline last week, stated that Argentina would maintain its currency swap line with China … Read more
On Friday the 26th, merely four days following the extraordinary backing from the Trump administration via direct aid from the US Treasury, Javier Milei’s administration enacted limitations on dollar purchases. Individuals in Argentina who acquire dollars through the official market will face a 90-day prohibition from engaging in the financial dollar market. The initiative aims … Read more
Executives from Banco Nación were poised to travel to Wall Street, prepared to initiate their pitch for a bond sale intended to finance mortgages in Argentina. For bankers in many other countries, this event would have been rather unremarkable. In Argentina, where residents have had to purchase homes with large amounts of cash due to … Read more
The Los Azules copper mine, which is located in Argentina, has been granted approval for inclusion in the strategic development program of the Milei government, according to a statement released by McEwen Copper Inc. This implies that the company is now in a position to proceed with the developmental stages of its business, which is … Read more
There is a local saying that goes “Leave Argentina one month and everything seems to have changed. Leave for 20 years and everything appears to be just as it was.” This past week has exemplified the truth of that saying more than ever before. Last weekend, the administration of President Javier Milei appeared disoriented and … Read more
The share of Argentines residing in poverty decreased from 38% to 32% during the initial half of this year. The figure has declined for two consecutive semesters following a peak of 53% in the first semester of 2024, a period during which the nation was grappling with a significant devaluation and various severe economic policies … Read more