BCRA Rules Are Blocking Banks from Going Digital

There’s always something odd about the way things work around here, especially when it comes to money. You walk into a bank, and they tell you they’ve frozen crypto-related activity. Another one says they won’t open a digital account for you unless you already have an existing product. Meanwhile, others in line scroll through Telegram … Read more

Argentina Economy

June Sees 2.1% Surge in Buenos Aires Prices

Inflation on the Rise: Housing, Transport, and Financial Services Push Costs Higher In June, monthly inflation in Buenos Aires increased to 2.1 percent, as reported by the official statistics bureau of City Hall. The figure reflects a half-point decrease from the previous month, during which consumer prices experienced a rise of 1.6 percent. In April, … Read more

Currency

Why Mixing Crypto And Fiat Makes Sense In 2025

If you’ve kept up with changes in the financial world over the last few years, you’ll know that cryptocurrency has been experiencing a major movement. When it first came on the scene, it was a novel concept that not everyone was interested in. Now, cryptocurrency is one of the most groundbreaking and popular financial concepts … Read more

Argentina’s Bank Stocks on High Alert as Credit Card Defaults Surge

The rise in credit card defaults observed in Argentina during April, which persisted through May and June, raises concerns regarding sustained consumer spending in the forthcoming months and may also have implications for the financial sector’s market performance. The consulting firm Labor, Capital and Growth (LCG) highlights in its latest report that the issue, as … Read more

YPF service station

Argentina’s Government seeks to challenge $16 Billion YPF court decision

Argentina is contesting a US judge’s directive to relinquish 51% of shares in YPF in the expropriation matter; Milei is directing blame towards Kicillof and Fernández de Kirchner as concerns regarding the implications of the ruling intensify. Argentina has officially requested that US Judge Loretta Preska pause the decision mandating the transfer of 51 percent … Read more

Javier Milei

Milei calls on Mercosur to enhance trade openness during summit

President Javier Milei on Thursday called on his Mercosur partners to advocate for increased trade openness within the bloc while hosting his fellow leaders of the South American group in Buenos Aires. In a typically forceful opening speech, the La Libertad Avanza leader cautioned that his government would pursue that goal unilaterally if necessary, suggesting … Read more

Mercosur & EFTA finalize free-trade talks

The Mercosur bloc and the European Free Trade Association (EFTA), which includes Norway, Switzerland, Iceland, and Liechtenstein, have successfully finalized negotiations regarding a free-trade agreement. Foreign Minister Gerardo Werthein confirmed the news in a statement issued on Wednesday as the nation hosted the semi-annual Mercosur summit at the Palacio San Martín in Buenos Aires, stating … Read more

YPF

A US judge has ruled that Argentina must turn over a 51% stake in YPF

Argentina is required to relinquish its controlling stake in the prominent energy firm YPF SA within two weeks, following a New York judge’s ruling in favor of litigators in a US$16-billion judgment. This decision poses a significant challenge for President Javier Milei ahead of important midterm elections. Judge Loretta Preska ordered Milei’s government to transfer … Read more

Argentina Economy

After Milei removed restrictions, Argentina’s economy grew faster than predicted.

With a 1.9% increase over the previous month, Argentina’s economy expanded at a faster rate than anticipated in April following President Javier Milei’s decision to relax certain currency controls, which is part of a US$20-billion agreement with the International Monetary Fund. Following a significant contraction last year at the onset of Milei’s austerity measures, economic … Read more