Officials from the International Monetary Fund were aware beforehand that the Argentine Treasury would take action in the foreign exchange market, as stated by Julie Kozack during a press conference on Thursday. Kozack also reiterated the necessity of accumulating reserves via transparent mechanisms. “We have continued to underscore the significance of a transparent, consistent, and … Read more
Argentina successfully refinanced nearly all of its imminent local maturities during a debt auction on Wednesday, providing a temporary relief for President Javier Milei following a significant defeat for his party in the local elections held on Sunday. Milei’s administration successfully rolled over over 91 percent of peso-denominated notes that were due, managing to sell … Read more
Persisting high inflation and a weak currency are some of the challenges Argentina has been grappling with well into 2025. In the search for a stable and safe way to preserve their wealth, many Argentinians have turned to cryptocurrencies. The new presale crypto opportunities are on the rise, allowing for the initial acquisition of tokens … Read more
In the wake of a significant electoral setback and subsequent market anxieties, the President maintains that his economic reform agenda will proceed without alteration. President Javier Milei has committed to maintaining his economic programme, notwithstanding a significant setback in the recent elections in Buenos Aires Province. In a social media post on Tuesday, the leader … Read more
Argentina’s monthly inflation increased at a rate below expectations, influenced by significant electoral activity in Buenos Aires Province that has contributed to fluctuations in currency stability. In August, consumer prices experienced a 1.9 percent increase compared to July, slightly under the two percent median forecast from economists, aligning with the figures reported for July. Annual … Read more
Argentina’s inflation remained unchanged at 1.9% in August, consistent with the previous month, according to data. Prices increased by 33.6% over the last year, a slight decrease from the 36.6% observed in the year leading up to July. Transport prices experienced a notable increase of 3.9%, primarily driven by rising costs in vehicles and fuel. … Read more
Markets expressed concern following Peronism’s surprising landslide victory in Buenos Aires. Currently, President Javier Milei is confronted with a multitude of economic challenges as the national elections in October approach. The opposition secured victory by 13 percentage points, a significantly broader margin than anticipated. The exchange rate and country risk index experienced a significant increase … Read more
Following the surprise landslide victory of the Peronists in the Buenos Aires legislative elections, the retail market saw a 7% increase in the currency rate to as much as AR$1,470 per U.S. dollar, we saw a 20% decline in Argentine equities. The EMBI or country risk index, which assesses the probability of a debt default, … Read more
A recent estimate suggests that Argentina’s hydrocarbon output may be on track for a record year. A report indicates that the nation is poised to achieve its peak oil production level of the century thus far, along with unprecedented gas production in 2025. The increase in “unconventional oil and gas production” driven by the Neuquén … Read more
After a crushing setback to the centre-left Peronist opposition on Sunday, President Javier Milei pledged to retain his free-market economic policy. The Peronist opposition won 47 percent of the provincial election over Milei’s La Libertad Avanza party’s 34 percent with 91 percent counted. Buenos Aires Province, the country’s largest and a Peronist bastion for decades, … Read more