Argentina has obtained financing from a multilateral institution, which remains unnamed, to facilitate the repayment of US$2.5 billion to the US Treasury stemming from a currency swap agreement, as stated by an official from the country’s Central Bank. The financing details were not disclosed publicly by either the Central Bank or the multilateral lender, as … 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
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