As the election year approaches, a recurring debate regarding the Argentine economy is once again becoming a focal point among market experts. Will the government permit the dollar-peso exchange rate to persist in its ascent, consequently reducing interest rates, or will it opt to sustain elevated yields in pesos to prevent capital flight toward the … Read more
On Wednesday, Argentina and China announced the extension of a multi-billion-dollar currency swap agreement for an additional five years, according to financial authorities. The 130-billion-yuan (roughly US$19 billion) agreement between Beijing and cash-strapped Buenos Aires has been in effect since 2009. The monetary authority is pursuing enhanced stability in anticipation of the forthcoming 2027 election. … Read more
Argentina’s Central Bank halted a nearly seven-month period of dollar acquisitions, occurring just a day after the IMF urged officials to continue increasing foreign currency reserves. The monetary authority refrained from purchasing greenbacks in Argentina’s official currency market on Tuesday, marking the first instance of such an action since January 2, as stated by a … Read more
Private economists, economists, and financial institutions anticipate that Argentina’s monthly inflation rate will decline to below two percent starting in August, marking the first occurrence of this trend in several months. According to the Central Bank’s latest poll of leading firms and experts, Argentina is projected to experience an annual inflation rate of approximately 30 … Read more
After lying dormant through the first half of the year, the dollar — that great Argentine obsession — experienced a resurgence in June, climbing more than 5% over the month to reach its highest level since October 2025. On June 30, the U.S. currency appreciated to 1,482 pesos in the wholesale market — the segment … Read more
The government of Argentina has permitted companies lacking export revenues to secure loans in dollars. The objective is to capitalise on the influx of funds in United States currency that have recently entered the banking system, primarily due to government initiatives aimed at persuading Argentines to convert their hidden dollar savings into the formal economy. … Read more
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
A wave of dollars flowing into Argentina is providing President Javier Milei with the opportunity to allow the peso to trade more freely, as the Central Bank’s previously depleted foreign reserves have reached their highest level since 2019. Despite Milei’s affinity for free markets, he has maintained strict control over the currency since assuming office, … Read more
Alejandro Lamas notes that dollar bills can become surprisingly damp and odorous after being tucked away under a mattress for years. He has accumulated numerous stacks from Argentines to whom he has sold used cars over the years, making him somewhat of a connoisseur. Present him with a fake, and he can discern its authenticity … Read more
Argentina is poised to experience an influx of hard currency, with analysts projecting approximately US$30 billion in the coming six months. This development presents President Javier Milei with a significant opportunity to bolster international reserves. The Central Bank’s diminished cash reserves remain a constant worry for investors and the International Monetary Fund. The scarcity of … Read more
