Blue Dollar Updates

Milei and copper miners obtain glacier law from Congress

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Argentina’s Congress has enacted legislation that relaxes protections for glacial formations, a development anticipated by major mining companies with significant projects awaiting approval, despite warnings from environmentalists regarding the potential consequences. Legislators sanctioned the amendments early Thursday with a vote tally of 137-111, following the Senate’s endorsement in late February. The approval represents a further … Read more

Argentina’s Inequality Dips Yet Income Gap Persists

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At the close of the year, there was a modest improvement in income inequality in Argentina; however, the disparity between the wealthiest and the most impoverished continues to be significant. According to recent, the wealthiest 10 percent of the population earns approximately 13 times the income of the poorest 10 percent nationwide. While the bureau’s … Read more

Market Soars as Middle East Truce Takes Hold

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On Wednesday, Argentina’s country risk index experienced a significant decline, decreasing by over 50 points, coinciding with a global economic recovery spurred by the recent truce between the United States and Iran. The indicator currently registers at 551 basis points, a decrease from 610 points observed on Tuesday. Sovereign U.S. dollar bonds are experiencing notable … Read more

Blue Dollar News

Argentina’s Economy to Grow 3.6% in 2023, Says World Bank

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Argentina is poised to achieve three consecutive years of economic growth for the first time since 2008, as indicated by a recent report from the World Bank, marking a notable positive development for the broader region. In the most recent installment of its periodic analysis evaluating the economic prospects for countries in Latin America and … Read more

Public Transport

Bus Numbers Dwindle Amid Rising Fuel Costs and Unpaid Subsidies

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Public transport buses in the capital and its densely populated outskirts are operating at diminished frequencies, a consequence of escalating fuel prices associated with the conflict in the Middle East and postponements in subsidy disbursements, industry sources reported on Tuesday. The decline in activity has resulted in extensive lines of passengers forming at the primary … Read more

Javier Milei

Javier Milei’s popularity dips nearly seven points

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President Javier Milei experienced a decline in his approval rating, which fell by seven points from February to March. This shift can be attributed to the political repercussions stemming from scandals involving Chief of Staff Manuel Adorni and other government officials, alongside an increase in economic pessimism. A survey reveals that in the past month, … Read more

Blue Dollar Updates

Caputo Supports Adorni and Officials Behind Multimillion Loans

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Economy Minister Luis Caputo provided a defense for Chief of Staff Manuel Adorni amidst allegations of possible illicit enrichment, alongside various government officials who have been accused of securing multimillion-peso mortgages from the national public bank Banco Nación under preferential terms. During an interview, the Economy Minister refuted the allegations directed at Adorni, who is … Read more

Argentina Economy - Currency

Argentina Feels Economic Shockwaves of Global Conflict

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Over 30 days into the conflict in the Middle East instigated by Donald Trump, the international landscape reveals more than mere geopolitical tension; it highlights a rapid political deterioration that can no longer be hidden. What began as a display of authority transformed, within a few weeks, into a source of internal instability. In the … Read more

Blue Dollar News

Argentina capitalizes on global oil shock under Vaca Muerta

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The conflict between the United States and Iran is driving up global oil and gas prices, yet Argentina is starting to reap the rewards. The increasing production from Vaca Muerta is transforming the nation into a net energy exporter, enabling it to capitalize on a global energy crisis that would have previously burdened its economy. … Read more

Blue Dollar News

Milei and Caputo Brace for March Inflation Report

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In March, inflation in Argentina is once again nearing the three-percent threshold, as reported by prominent consultancy firms, indicating a lack of the desired deceleration sought by President Javier Milei’s administration. Private consultancy firms agree that the monthly rate is expected to stabilize around three percent, driven by rising costs in food, fuel, and utility … Read more