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
For people wanting to extend their playtime at online casino platforms without spending extra money, especially for players in NZ, making clever use of bonuses can be the ticket. By cleverly using different types of bonuses and other promotions that are regularly offered by online casinos serving an NZ audience, you can play for longer … 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
Argentina’s Central Bank has put into place stronger currency controls for people, which is a reaffirmation of a previous law that was designed to prevent the widespread arbitrage tactic that has resulted in a reduction of the Central Bank’s reserves. As of this moment, everyone who obtains official dollars will be subject to a ninety-day … Read more
The years President Javier Milei dedicated to cultivating a relationship with Donald Trump are yielding dividends at a pivotal juncture as he confronts Argentina’s most recent currency crisis. When investors lose confidence and the Central Bank expends reserves to avert a peso devaluation, as occurred this week, the outcomes are seldom favorable. As Milei endeavors … Read more
Argentina’s Treasury is poised to acquire substantial quantities of foreign currency through block trades, coinciding with the influx of US$7 billion from grain exports into the market. Officials from the central bank have reached out to the trading desks of prominent financial institutions on behalf of the Treasury, seeking to be informed whenever a client … Read more
Banks in Argentina have once again reduced interest rates on fixed-term deposits, with some now offering rates below 40% annually. Analysts identified a US Treasury bailout and a tax holiday for grain exporters as the primary factors contributing to the reduction. Financial institutions operating in the country aligned with the Central Bank’s actions when, on … Read more
Argentina’s Central Bank has reduced its one-day peso repo rate by 10 percentage points to 25 percent, thereby halting this week’s recovery in the currency. The new rate was communicated, the primary electronic trading system of the country, according to sources. The one-day repo rate has emerged as a pivotal instrument in the Central Bank’s … Read more