The United States allocated a sum significantly surpassing US$1 billion this month for the acquisition of Argentine pesos, as per market estimates, coinciding with the intensification of Treasury Secretary Scott Bessent’s backstop initiative in anticipation of the midterm vote on October 26. The count is still pending verification, yet an anonymous trader estimated the amount … Read more
US Treasury Secretary Scott Bessent’s intervention in Argentina appears to prioritize the interests of his associates over the welfare of the nation, according to allegations made by economist. Numerous hedge funds that have previously collaborated with the Treasury Secretary maintain significant stakes in Argentine bonds, and Washington’s US$20-billion swap package aims to protect their returns. … Read more
China’s remarkable growth in recent years is well-known; however, the increasing emphasis on sustainability within the country’s investment and development strategies is less acknowledged. In 2012, China integrated the notion of an “ecological civilization” into its National Constitution, establishing environmental protection as a fundamental prerequisite in its development strategies. In September 2020, President Xi Jinping … Read more
As President Javier Milei implements stricter currency controls to stabilize the peso in anticipation of midterm elections, individuals such as Ruben López are increasingly resorting to cryptocurrencies as a means of safeguarding their savings. A new strategy entails the utilization of stablecoins — digital tokens linked one-to-one with the US dollar — to capitalize on … Read more
On Thursday, Argentine bonds witnessed an increase for the second time in the past six sessions, while the peso improved for a second consecutive day in anticipation of the crucial midterm elections that will take place this coming weekend. One cent was added to the value of sovereign notes that mature in 2035, and they … Read more
The Argentine peso ended a five-day decline as major financial institutions engaged in the local currency market, coinciding with efforts by the United States government to support its ally Javier Milei in anticipation of an important vote this weekend. Both JPMorgan Chase & Co and Citigroup Inc were engaged in Argentina’s spot market on Wednesday, … Read more
Following multiple rounds of announcements, the currency swap between Argentina and the United States has been officially confirmed by the authorities of both nations. The US$20 billion support line is now accessible to President Javier Milei and Argentina. The decision by U.S. President Donald Trump to allocate a substantial support package to Argentina has been … Read more
Over the past two decades, the gaming industry has undergone a transformation that few could have predicted. Once considered a niche hobby, gaming has now become one of the most lucrative global industries, surpassing film and music combined. But beyond entertainment, video games have given rise to something far more complex — digital economies that … Read more
Online instability in the foreign exchange markets has helped give Argentina one of the highest cryptocurrency adoption rates in the world. As the peso continues to show weakness and a liquidity crisis deepens, could this lead to Argentina becoming a crypto-only economy? The Historical Examples While there haven’t been any examples of countries moving completely … Read more
Despite Argentina’s assertions to the contrary, the bailout from the United States government seems to be contingent upon certain conditions: they are seeking to eliminate China’s presence in Argentina. However, given Argentina’s substantial annual exports to China and the potential for significant infrastructure projects, one must consider whether President Javier Milei would genuinely sever these … Read more