Financial turbulence hit Argentina on Tuesday as the US dollar climbed to a record high of 239 per peso on parallel exchange markets. The so-called ‘blue’ dollar was selling for 242 in some provinces nationwide, according to reports, maintaining its rising trend for the third consecutive day. So far, the unofficial rate has risen by … Read more
Argentina closed last year 2021 with a trade volume of US$141.118 billion, its biggest since 2013, and a surplus of US$14.75 billion, 17.7% higher than the previous year, the INDEC statistics bureau reported last Thursday. In the 12 months of 2021, exports totalled US$77.934 billion, 42 percent more than in 2020 and the highest since … Read more
Mexican President Andrés Manuel López Obrador on Friday asked the International Monetary Fund (IMF) for a “fair” deal for Argentina as the troubled nation seeks to restructure its multi-billion-dollar debt with the multilateral lender. The government of Alberto Fernández, which took office in December 2019, is negotiating for a new financing programme that will allow … Read more
Argentina sharply reduced its budget deficit in 2021 as President Alberto Fernández tries to cut down on spending amid talks with the International Monetary Fund. The so-called primary deficit, which excludes interest payments, fell to three percent of gross domestic product from 6.5 percent in 2020. The figure, boosted by proceeds from a wealth tax, … Read more
Argentina’s consumer price index accelerated in December by 3.8 percent, lifting the country’s inflation rate for 2021 to 50.9 percent – one of the highest rates in the world. The data, posted by the INDEC national statistics bureau on Thursday, underlines Argentina’s continued struggle to tackle runaway price increases. In 2020 – a year when … Read more