The comprehensive trade agreement forged between the European Union and the South American bloc Mercosur is set to be formalized on January 17 in Paraguay, as announced by Argentina’s Foreign Minister Pablo Quirno on Friday. “We will sign… the most ambitious agreement between our two blocs on January 17 in Paraguay,” Quirno stated, describing it … Read more
On Friday, Argentina’s Central Bank disclosed that it has repaid a segment of the US$20 billion currency swap with the United States Treasury that was utilized in 2025. The announcement represents the initial public acknowledgment by the monetary authority that a portion of the facility has been “activated.” The Central Bank’s communiqué indicates that the … Read more
The Mercosur-EU trade agreement is on the verge of realization after more than 25 years of negotiations, having received the endorsement of a majority of European Union member states. The agreement, set to be finalized on Monday and subsequently requiring approval from the European Parliament to take effect, is poised to play a crucial role … Read more
Argentina has obtained a loan amounting to US$3 billion from a consortium of international banks, aimed at addressing an imminent foreign debt obligation and restoring the nation’s dwindling financial reserves. The Central Bank announced a one-year repurchase agreement – or repo – with lenders at a rate of 7.4 percent, according to a statement released … Read more
According to a source, Argentina’s Treasury is gathering greenbacks in preparation for a big bond payment that is due this week. These greenbacks are being acquired by the Treasury in order to acquire dollars that are entering the local market thanks to the privatization of hydroelectric power facilities. According to a source, the Treasury Department … Read more
President Javier Milei stands out in Argentine economic history — not solely because of his libertarian foundations, which are more rhetorical than impactful in his financial choices, but due to his implementation of fiscal austerity while maintaining sufficient popularity to secure a decisive victory in the midterm elections. In Argentina, the political capital of today … Read more
President Javier Milei has officially enacted a “fiscal innocence” bill, designed to incentivize individuals to deposit dollars hidden under mattresses or held in offshore accounts by offering a measure of tax evasion amnesty. In the context of prolonged high inflation and stringent currency controls, Argentines have increasingly opted to exchange their pesos for dollars, frequently … Read more
Commencing this Friday, January 2, the newly established inflation-adjusted band scheme will be implemented. Through its implementation, the economic team led by Minister Luis Caputo aims to expand the upper limit of the exchange rate scheme to ensure that the accumulation of foreign currency, a demand long postponed by the government, does not exert upward … Read more
With only five trading days remaining before the significant January 9 deadline, Argentina’s Treasury possesses merely US$1.9 billion of the US$4.3 billion it is obligated to pay, despite recent initiatives aimed at enhancing the country’s dollar reserves. Economy Minister Luis Caputo retains several avenues as he endeavors to consolidate the remaining resources. The options under … Read more
Following years of financial turmoil, Argentines typically prefer to store their money in various unconventional locations rather than in banks – whether it be beneath the couch, buried in the backyard, or secured in fortified bunkers. One former politician notably concealed funds at his nearby convent. The nuns provided assistance. President Javier Milei successfully persuaded … Read more