Inflation reaches its lowest point since the Covid pandemic, marking a significant achievement for Milei. Argentina’s monthly inflation has decelerated to its lowest point since the peak of the pandemic, marking a significant achievement for President Javier Milei in the lead-up to an important midterm election. In May, consumer prices experienced a 1.5 percent increase compared … Read more
Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves. The International Monetary Fund (IMF) has commended President Javier Milei’s administration for implementing recent strategies aimed at enhancing Argentina’s international reserves. Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves in response to … Read more
Argentina’s bonds experience an uptick following the introduction of new measures aimed at attracting foreign currency. The Central Bank has introduced a series of measures designed to assist the nation in accumulating additional hard-currency reserves. On Tuesday, Argentina’s bonds experienced an uptick following the Central Bank’s announcement of a series of measures designed to bolster the nation’s … Read more
Milei’s promotion of cryptocurrency is not deemed improper, according to the Anti-Corruption Office. The Anti-Corruption Office has determined that President Javier Milei acted appropriately in promoting the ‘$LIBRA’ crypto token in February. According to a decision by a government anti-corruption office, Argentina President Javier Milei did not act improperly when he promoted a crypto token called ‘$LIBRA’ … Read more
Buenos Aires Province’s debt increases as Milei faces a challenge in the local elections. Investors are acquiring debt from Argentina’s largest province, anticipating that President Javier Milei’s political party will maintain its winning momentum in an upcoming local election in under three months. Dollar notes issued by Buenos Aires Province have emerged as the top-performing government credits … Read more
On Thursday, Argentina’s government announced the submission of a new bill to Congress, which is a component of its extensive “mattress dollars” initiative aimed at encouraging citizens to deposit the substantial amounts of cash they currently hold in their homes, safety deposit boxes, and offshore accounts. During a press conference at Casa Rosada, national deputy José … Read more
President Javier Milei’s austerity drive has contributed to stabilizing Argentina’s economy; however, financial pressures continue to escalate for both consumers and businesses. In recent weeks, banks have begun to observe initial indications of credit deterioration. In March, overdue credit card balances rose to 2.8 percent, marking the highest level in three years. Simultaneously, defaults on personal … Read more
The court has suspended Milei’s decree that restricts the right to strike following a challenge from labor groups. A labour court in Argentina has put a hold on a portion of a decree from President Javier Milei that limited the right to strike and broadened the definition of “essential services” necessary to ensure operations during industrial … Read more
The demand for dollars in Argentina reached its peak since 2019 following President Javier Milei’s near-complete removal of foreign-exchange restrictions in the economically vulnerable South American country. In April, approximately one million Argentines acquired a total of US$1.9 billion in foreign currency, as reported by the Central Bank. That represents a significant increase from March, when … Read more
US President Donald Trump announced on Friday his intention to increase steel and aluminium import tariffs to 50 percent, effective next week. This move represents a continuation of his trade wars, which are designed to safeguard domestic industries. “We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into the United … Read more