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

US Dollar - Argentina Peso

Milei’s overhaul enables Argentines send up to $43,700 without questions.

Milei’s overhaul permits Argentines to transfer up to US$43,700 without any inquiries made. President Javier Milei has put forth a proposal to reform Argentina’s tax system, aiming to reduce bureaucratic obstacles and promote the utilization of previously undeclared greenbacks. The nation’s tax authority, ARCA, will cease the collection of extensive data from individuals and enterprises, encompassing transactions … Read more

Javier Milei - Libra

Milei closes office probing the ‘cryptogate’ $LIBRA scandal

The government has announced that the special unit, established and subsequently disbanded by President Javier Milei, has concluded its investigation into allegations concerning the controversial cryptocurrency scandal, having completed its “assigned task.” President Javier Milei has disbanded a specialized investigative unit that he personally created to examine purported misconduct in his contentious endorsement of the … Read more

Javier Milei

Cash savings, tax evasion, bank robbery: Milei reveals no-questions-asked dollar plan

Milei affirms a dollar plan that requires no inquiries, encompassing cash savings, tax evasion, and bank robbery. In a television interview on Monday, President Javier Milei expressed that he “does not care in the slightest” about the means by which Argentines acquired their dollars, seemingly endorsing tax evasion while minimizing the potential dangers associated with engaging … Read more

US Dollar - Argentina

Milei delays ‘Mattress Dollars’ idea for City election.

Milei postpones the implementation of the ‘mattress dollars’ initiative in light of the upcoming City election. The administration of President Javier Milei has deferred the declaration of new initiatives aimed at incentivizing savers to reintegrate their accumulated dollars into the formal economy. Following a period of anticipation, Presidential Spokesperson Manuel Adorni stated on Thursday that the “economic … Read more

Argentina Bank Rush

Corporate defaults are rising in Argentina as Milei’s measures take effect

Corporate defaults are beginning to accumulate in Argentina as the policies of Milei take effect. As Javier Milei undertakes the removal of the distortions that have long plagued Argentina’s economy, signs of strain are emerging, particularly impacting companies that have accumulated debt by taking advantage of exchange rate discrepancies. The President has, over the past 16-plus … Read more

Argentina China Flags

Chinese investors are awaiting Milei’s signal

Javier Milei’s strained relations with China are hindering private-sector business activities. Regrettable remarks from Argentina’s President and his exaggerated portrayal of the relationship with US President Donald Trump have obstructed crucial efforts that sustain trade continuity. While the rhetoric has been moderated in Argentina, Beijing and its investors are anticipating a definitive action: either a … Read more

Aerolíneas Argentinas

Aerolíneas Argentinas has declared that it will not require state funding in 2025

Aerolíneas Argentinas has declared that, for the first time since its renationalization in 2008, it will not seek financial support from the national government for the entirety of 2025. The national airline has faced intense debates over privatization efforts since the inauguration of President Javier Milei. This development signifies a significant achievement for the national airline, which … Read more

Javier Milei

Milei sets a timeline on the end of inflation

President Javier Milei has proclaimed his administration as “the best in Argentina’s history” and has assured that inflation will be eradicated by the middle of next year. However, the head of state’s comments – quite audacious, considering the country’s ongoing challenges with rampant inflation – came at a time when unions were intensifying their pressure … Read more