Whether you’re tracking prices at the supermarket or planning to convert savings, the Blue Dollar serves as a real-time measure for Argentina’s economic mood. Whenever official restrictions tighten, or political uncertainty rises, interest in this unofficial price tends to surge. The rate developed because the formal market could not meet real demand for foreign currency, … Read more
President Javier Milei is poised to initiate a bold reform agenda for Argentina’s economy as a more cooperative Congress assumes its duties on Wednesday. Investors anticipate that this may merely be the preliminary phase of a more significant shift: the removal of the stringent currency controls that characterized his initial two years in office. Milei’s … Read more
Chinese tourists arriving in Argentina on China Eastern’s new Shanghai–Buenos Aires route can expect greetings in Mandarin, special menu options in airport restaurants, and a steady supply of cups of hot water as part of their welcome. The inaugural flight that landed on Thursday represents a significant advancement in intercontinental connectivity. In addition to reestablishing … Read more
The government has declared a fresh decrease in export duties pertaining to the agricultural sector. The initiative targets the nation’s primary agricultural hubs, with the objective of enhancing competitiveness and expediting the influx of foreign currency. The measure is set to be formalized this Wednesday in the Official Gazette, as per reports. Economy Minister Luis … Read more
President Javier Milei intends to ensure that the newly elected Congress, set to take office in October, forgoes its customary summer recess. This measure aims to facilitate timely votes on his proposed reforms and the budget before the conclusion of the year. Cabinet Chief Manuel Adorni announced that the president is set to sign a … Read more
The investment amounted to US$52 million, characterized as the “most modern of its kind, worldwide, with cutting-edge sustainable technology,” as stated in the official announcement. In October 2022, Whirlpool inaugurated a new washing machine production facility in Pilar, Argentina. Last week, just over three years later — and two years into the presidency of libertarian … Read more
Argentina has declared its desire to issue a local law bond denominated in dollars, taking advantage of the momentum that has been created in the wake of President Javier Milei’s resounding victory in the congressional midterm elections that were held in October. The Ministry of Economy has said that the Bonar bond is scheduled to … Read more
Argentina’s Economy Ministry announced on Friday the issuance of a local-law bond denominated in U.S. dollars, aimed at addressing the debt maturities scheduled for January. The newly issued bond, designated as BONAR 2029N, is set to be tendered on December 10, with a maturity date in 2029 and a semiannual coupon rate of 6.5%. The … Read more
Poverty and destitution in Argentina have seen a notable decline over the past year; however, the current levels still exceed those reported by official statistics, according to a credible watchdog. A report released on Thursday by the Social Debt Observatory of the Argentine Catholic University indicates that poverty was recorded at 36.3 percent, while extreme … Read more
The administration of Javier Milei has been instructed by the International Monetary Fund to increase its foreign reserves. This comes with the acknowledgement that Argentina will face “difficulties” in meeting its year-end accumulation target. Julie Kozack stated, “At this stage, meeting the end year reserve target will be challenging. Nevertheless, it is of the utmost … Read more