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
This week, the Argentine government initiated the privatization of the state-owned company Argentine Railways, marking the 11th public venture to be opened to private capital in 2025. Since the inception of the Milei administration, a total of 19 companies have undergone privatization or have been made available for corporate ownership bids. The Argentine Railways operates … Read more
President Javier Milei achieved two significant victories on Friday: the congressional endorsement of his inaugural budget bill and the establishment of a new law that enshrines the principle of innocence in cases of tax evasion. This legislation aims to enable Argentines to utilize their savings, particularly in dollars, with reduced oversight from governmental authorities. The … Read more
The administration of President Javier Milei is acutely aware of the scrutiny it faces. Not solely by the “market,” that transient entity made up of countless financial transactions divided into pesos and dollars, but also by its principal political and economic backers located in Washington: the Trump administration and the International Monetary Fund. Argentina’s self-proclaimed … Read more
Argentina has experienced a decline in foreign direct investment to negative levels for the first time in 22 years, coinciding with a trend of international companies divesting their operations to local enterprises. A report indicates that FDI recorded a negative US$1.52 billion from January to November 2025, marking the first year with a deficit since … Read more
Argentina has relaxed its currency trading restrictions and announced plans to rebuild foreign reserves, capitalizing on the increasing investor confidence in President Javier Milei’s administration to stabilize its precarious financial situation. Starting in 2026, the trading bands for the peso will adjust in accordance with the monthly inflation rate, rather than the existing one percent … Read more
The Central Bank announced on Monday that Argentina will modify its currency exchange bands in alignment with the inflation rate beginning in 2026. The monetary authority is set to initiate the accumulation of international reserves, a move it had previously hesitated to undertake due to concerns about potential inflationary pressures. “We entered a phase in … Read more
President Javier Milei is poised to initiate a bold reform agenda for Argentina’s economy as a more cooperative Congress assumes its duties on Wednesday. Investors anticipate that this may merely be the preliminary phase of a more significant shift: the removal of the stringent currency controls that characterized his initial two years in office. Milei’s … Read more