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
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
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
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
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 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
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
The IMF’s latest substantial loan to Argentina — a country with a history of defaults now under the leadership of a close ally of Donald Trump – has raised concerns among many of the Fund’s senior decision-makers. It received approval nonetheless. Argentina’s new loan with the International Monetary Fund was approved even though it raised … Read more
Analysts anticipate a more robust peso in the coming months as traders respond positively to President Javier Milei’s plan. Traders in Buenos Aires are starting to embrace President Javier Milei’s goal of bolstering Argentina’s currency to 1,000 pesos per dollar, despite warnings from economists that this trend may reverse in the latter half of the … Read more
The recent agreement between the Argentine government and the International Monetary Fund (IMF) imposes stringent fiscal surplus targets for 2026 and 2027, significantly limiting the potential for reducing the tax burden. President Javier Milei’s administration suggests that there is potential for tax reductions, a key promise of his governance strategy. However, should he proceed with … Read more