Commencing this Friday, January 2, the newly established inflation-adjusted band scheme will be implemented. Through its implementation, the economic team led by Minister Luis Caputo aims to expand the upper limit of the exchange rate scheme to ensure that the accumulation of foreign currency, a demand long postponed by the government, does not exert upward … Read more
With only five trading days remaining before the significant January 9 deadline, Argentina’s Treasury possesses merely US$1.9 billion of the US$4.3 billion it is obligated to pay, despite recent initiatives aimed at enhancing the country’s dollar reserves. Economy Minister Luis Caputo retains several avenues as he endeavors to consolidate the remaining resources. The options under … Read more
Economy Minister Luis Caputo has indicated that Argentina will seek to avoid issuing debt under New York law in January, aiming to reduce the nation’s “dependence on US Market. We will try to ensure that there isn’t” any new debt under New York law next month, Caputo stated, responding to an inquiry from a user. … Read more
The government has declared a fresh decrease in export duties pertaining to the agricultural sector. The initiative targets the nation’s primary agricultural hubs, with the objective of enhancing competitiveness and expediting the influx of foreign currency. The measure is set to be formalized this Wednesday in the Official Gazette, as per reports. Economy Minister Luis … 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
Argentina’s Economy Ministry announced on Friday the issuance of a local-law bond denominated in U.S. dollars, aimed at addressing the debt maturities scheduled for January. The newly issued bond, designated as BONAR 2029N, is set to be tendered on December 10, with a maturity date in 2029 and a semiannual coupon rate of 6.5%. The … Read more
Argentina is in discussions with banks regarding a potential loan of up to US$7 billion, as stated by Economy Minister Luis Caputo on Wednesday, in light of decreasing international reserves and upcoming debt obligations in January. During an event featuring prominent business leaders, the official discussed negotiations amounting to between US$6 billion and US$7 billion … Read more
Despite a chorus of calls from investors, President Javier Milei and his advisers exhibit caution regarding the swift accumulation of Argentina’s international reserves, the decision to allow the peso to float, and the relaxation of currency controls. The government’s decisive triumph in the recent mid-term elections has provided Milei with a significant opportunity to implement … Read more
The Argentine government has confirmed the elimination of export duties for conventional crude oil, following a meeting involving Economy Minister Luis Caputo, Interior Minister Diego Santilli, and Chubut Governor Ignacio Ramírez. The national and provincial governments have entered into a memorandum of understanding aimed at eliminating the 8% tax in Chubut. The agreement emerges amidst … Read more
Argentine officials are poised to make a decision by year-end regarding the potential renegotiation of terms associated with a US$20-billion agreement with the International Monetary Fund, including stipulations related to foreign reserves, as per reports. A report indicated that the Central Bank governor mentioned Argentina’s intention to renegotiate reserve requirements; however, the individual clarified that … Read more