Since assuming office in late 2023, Javier Milei has made various efforts to encourage Argentines to withdraw their dollars from “under the mattress” — essentially, to reintegrate them into the formal economy. The initial initiative was the Asset Regularisation Regime, a tax amnesty that permitted Argentines to disclose assets that were previously concealed. It launched … Read more
Less than halfway through the year, Argentina’s Central Bank has exceeded its US$10-billion target for dollar purchases, driven by a record crop harvest, an energy boom, and a significant increase in debt issuance by provinces and local companies. The monetary authority acquired US$43 million on Wednesday, as per official figures, surpassing the purchasing target established … Read more
Argentina’s Central Bank has taken steps to further ease foreign-exchange restrictions, capitalizing on a phase of relative stability in the currency market to provide relief to individuals and companies alike. The measures constitute a methodical approach designed to streamline access to dollars, all the while preserving the overarching structure of capital controls. Among the most … Read more
The Argentine government has implemented modifications to the Large Investment Incentive Regime (RIGI, by its Spanish initials) that was approved in 2024, extending its duration and expanding benefits for the oil and gas sector. The RIGI provides tax, customs, legal, and foreign exchange advantages for investments that surpass US$200 million. It is accessible to both … Read more
Each morning at Argentina’s Central Bank, the traders on the foreign exchange desk embark on a straightforward objective: to prevent the peso from fluctuating excessively in either direction. Recently, the peso has demonstrated relative stability, weakening by less than one percent in November, marking its smallest monthly fluctuation of the year, despite being the weakest … Read more