The US Embassy in Argentina has formally declared the arrival of its new ambassador, Peter Lamelas, who arrived in Buenos Aires on Friday. “Welcome to Argentina!” Ambassador Peter Lamelas has arrived in Buenos Aires today and is set to present his credentials, marking the commencement of his duties at a pivotal juncture in the bilateral … Read more
The United States realized a gain from the acquisition of Argentine pesos. Banks having engaged in discussions with the US Treasury throughout October regarding a strategy to secure billions for Javier Milei, have not made progress this week. Scott Bessent conveyed a clear message to Argentine investors: Now it’s your turn. With Bessent’s mission accomplished … Read more
Argentina is set to slightly relax the reserve requirements that commercial banks are obligated to report on a daily basis, aiming to incrementally enhance liquidity and stimulate lending, as per an informed source. The committee of the Central Bank, convening on Thursday, is considering a relaxation of the requirement for complete daily adherence to reserve … Read more
Argentine provinces and companies are preparing to access global markets in the coming weeks, as President Javier Milei’s victory in the midterm elections enhances optimism regarding the country. This development creates an opportunity for debt sales that could inject essential dollars into the nation’s foreign-exchange market. This week witnessed a surge in bond activity, spearheaded … Read more
Recent developments suggest a potential shift in Argentina’s favor regarding the lawsuit concerning the expropriation of oil and gas company YPF, following a Wednesday appeals court hearing, as indicated by government sources and market analysis. For over ten years, Argentina has engaged in a legal struggle regarding the expropriation within the judicial system of the … Read more
Banks indicate that La Libertad Avanza’s success in the midterm elections presents a distinct opportunity for President Javier Milei’s Government to accelerate economic normalization, focus on acquiring international reserves, and adjust the exchange rate regime – or potentially liberalize it. Citibank, one of the entities through which the US Treasury purchased pesos to intervene in … Read more
Living in Argentina has never been easy when it comes to keeping the value of your money. With inflation running wild and the peso constantly losing purchasing power, locals have had to get creative. Some invest in US dollars or purchase goods before prices increase, while others are now turning to digital options. Among these, … Read more
All peso-dollar exchange rates experienced a rebound on Tuesday following a significant decline on Monday, as markets responded favorably to the decisive victory of Javier Milei’s party in the midterm elections. The wholesale exchange rate concluded at AR$1,470, reflecting a 2.4% rise compared to the prior day. This positions it 25 pesos beneath the upper … Read more
The world of investment can seem a daunting prospect for a lot of people, but the success of cryptocurrencies in 2025 has seen greater interest than ever before. While there are no guarantees with any investment, the time, effort, and funding going into building legislative frameworks for crypto industries around the world suggest there is … Read more
As President Donald Trump stated, the United States generated “a lot of money” through its bailout of Argentina. Despite the rally in that country’s markets following President Javier Milei’s unexpectedly significant win in the recent legislative elections, the situation appeared rather subdued. By the end of trading on Monday, it was estimated that the US … Read more