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
Argentina has declared its desire to issue a local law bond denominated in dollars, taking advantage of the momentum that has been created in the wake of President Javier Milei’s resounding victory in the congressional midterm elections that were held in October. The Ministry of Economy has said that the Bonar bond is scheduled to … Read more
U.S. banks JPMorgan Chase, Bank of America, and Citigroup have decided to cancel a proposed loan of US$20 billion to Argentina. Instead, bankers are deliberating on a new, short-term credit facility that is one-quarter the size. Minister Luis Caputo refuted any claims of having discussed a bailout with banks, asserting that the reports are intended … Read more