Blue Dollar Updates

Caputo Rules Out Dollarization as US Backs Peso

Economy Minister Luis Caputo stated that dollarization in Argentina is “off the table” after the announcement that the United States would provide the country with a currency swap line and directly intervene in the local forex market by purchasing pesos. “Dollarization could be an alternative, but for now it is off the table,” Caputo stated … Read more

Blue Dollar News

Argentina Unveils Bold 10-Year Lithium Strategy

Argentina’s lithium sector has established a new ten-year roadmap. Public and private estimates indicate that over the next decade, the country’s “atomic number 3” industry is projected to triple in size, exceeding a total installed production capacity of 650,000 tonnes of lithium carbonate equivalent. If just over half of that total were processed and exported, … Read more

Blue Dollar Updates

OpenAI’s Argentina Announcement Blends Investment and Political Marketing

A multimillion-dollar investment in Artificial Intelligence in Patagonia and the launch of the Stargate Argentina project have been touted as a historic milestone. However, given the current charged electoral and geopolitical context, it is essential to consider not only the promises being made but also the beneficiaries, the underlying objectives, and the regulatory framework governing … Read more

Blue Dollar News

Argentina’s Textile Sector Crumbles Under Chinese Import Pressure

For years, Argentines have expressed dissatisfaction regarding the elevated prices of clothing. Recently, however, their expressions of concern have been met with a query presenting an alternative solution. References to the online Chinese retailer have proliferated for a specific rationale. Since President Javier Milei removed restrictions on online shopping platforms, the Argentine market has seen … Read more

Blue Dollar Updates

Bessent’s bold bet on Argentina faces a challenging path to success

For Scott Bessent’s US$20-billion wager on Argentina to yield positive results, numerous factors must align favorably – factors that historically, in Argentina, have often not aligned as intended. The US Treasury secretary unveiled a support measure on Thursday aimed at stabilizing the nation’s financial markets amid escalating turmoil, while also assisting a key political ally … Read more

Blue Dollar News

Argentina and OpenAI team up for the Patagonia Data Center

The Argentine government disclosed on Friday that U.S. artificial intelligence firm OpenAI has entered into a letter of intent to partner with Argentine-U.S.-owned company Sur Energy for the development of a large-scale data center in Argentine Patagonia. A presidential press release characterized the initiative as a “pioneering artificial intelligence infrastructure project” designed to position Argentina … Read more

Blue Dollar Updates

Argentina is rescued by US Treasury peso purchases

The United States swiftly moved to stabilize Argentina’s economy on Thursday, providing US$20 billion in financing and executing an uncommon intervention in currency markets to support the peso following weeks of significant declines. Washington has finalized a US$20-billion currency swap framework with Argentina’s Central Bank, as stated by Treasury Secretary Scott Bessent in a social … Read more

Scott Bessent

US Treasury Takes Bold Steps in the Argentine Forex Arena

U.S. Treasury Secretary Scott Bessent has declared that the United States acquired pesos in the Argentine market today as part of ongoing negotiations in Washington aimed at supporting President Javier Milei’s administration. Finance specialists remarked that this type of direct intervention in the local forex market by the U.S. was “unheard of.” Bessent stated “Today … Read more

Blue Dollar News

Early Warnings Sound for Milei’s Argentina Amid La Niña Predictions

A weather-altering phenomenon known as La Niña has emerged in the Pacific Ocean, thereby increasing the probability of drought conditions in California and agricultural regions in Brazil and Argentina. Concurrently, this phenomenon has brought about colder temperatures in the Midwest of the United States, while simultaneously bringing about a more temperate winter in New York … Read more

Argentina Tightens Crypto: CNV VASP, Stablecoins, Telegram Casinos

Argentina’s crypto story keeps moving because the currency itself continues to grow, evolve and adapt to our wants and needs. New rules, shifting dollar access, and a lively parallel rates conversation all nudge savers and risk-takers toward digital dollars and chat-based wallets. The headline now: regulators have started to harden the rails around who can … Read more