Argentina Inflation

Argentina’s lowest inflation is a major success.

Inflation reaches its lowest point since the Covid pandemic, marking a significant achievement for Milei. Argentina’s monthly inflation has decelerated to its lowest point since the peak of the pandemic, marking a significant achievement for President Javier Milei in the lead-up to an important midterm election. In May, consumer prices experienced a 1.5 percent increase compared … Read more

International Monetary Fund : IMF

IMF commends Argentina’s initiatives aimed at enhancing dollar reserves

Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves. The International Monetary Fund (IMF) has commended President Javier Milei’s administration for implementing recent strategies aimed at enhancing Argentina’s international reserves. Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves in response to … Read more

Argentina Currency Peso

New steps to attract dollars boost Argentina bonds

Argentina’s bonds experience an uptick following the introduction of new measures aimed at attracting foreign currency. The Central Bank has introduced a series of measures designed to assist the nation in accumulating additional hard-currency reserves. On Tuesday, Argentina’s bonds experienced an uptick following the Central Bank’s announcement of a series of measures designed to bolster the nation’s … Read more

Javier Milei - Libra

Anti-Corruption Office says Milei’s cryptocurrency promotion is fine

Milei’s promotion of cryptocurrency is not deemed improper, according to the Anti-Corruption Office. The Anti-Corruption Office has determined that President Javier Milei acted appropriately in promoting the ‘$LIBRA’ crypto token in February. According to a decision by a government anti-corruption office, Argentina President Javier Milei did not act improperly when he promoted a crypto token called ‘$LIBRA’ … Read more

Argentina Debt

Buenos Aires Province’s debt rises as Milei faces municipal elections challenges

Buenos Aires Province’s debt increases as Milei faces a challenge in the local elections. Investors are acquiring debt from Argentina’s largest province, anticipating that President Javier Milei’s political party will maintain its winning momentum in an upcoming local election in under three months. Dollar notes issued by Buenos Aires Province have emerged as the top-performing government credits … Read more

Juan Pazo

Milei’s proposal offers safeguards for Argentina’s illicit ‘mattress dollars’

On Thursday, Argentina’s government announced the submission of a new bill to Congress, which is a component of its extensive “mattress dollars” initiative aimed at encouraging citizens to deposit the substantial amounts of cash they currently hold in their homes, safety deposit boxes, and offshore accounts. During a press conference at Casa Rosada, national deputy José … Read more

Argentina Peso

Milei’s cuts are complicating the collection of credit in Argentina

President Javier Milei’s austerity drive has contributed to stabilizing Argentina’s economy; however, financial pressures continue to escalate for both consumers and businesses. In recent weeks, banks have begun to observe initial indications of credit deterioration. In March, overdue credit card balances rose to 2.8 percent, marking the highest level in three years. Simultaneously, defaults on personal … Read more

Argentina Strike

Court suspends Milei’s strike ban after labor challenge

The court has suspended Milei’s decree that restricts the right to strike following a challenge from labor groups. A labour court in Argentina has put a hold on a portion of a decree from President Javier Milei that limited the right to strike and broadened the definition of “essential services” necessary to ensure operations during industrial … Read more

Argentina

Argentina declares global return with peso bond sale

Argentina asserts its re-entry into global markets through the issuance of peso-denominated bonds.  Argentina’s government will issue a five-year bond denominated in pesos aimed at international investors who are permitted to purchase it in US dollars, a move the government celebrated as its return to global markets following a sovereign restructuring during the pandemic. On Monday, … Read more

Javier Milei - US Dollar

Milei’s significant challenge of persuading Argentines

Argentines are well aware of their historical context, having indulged in spending sprees previously funded by the Central Bank, which consistently culminated in economic disaster: during the late 1970s, the 1990s, and the mid- to late 2000s. Milei faces the significant challenge of persuading them that the status quo will not persist. In the initial … Read more