This week, Argentina secured a reprieve from the International Monetary Fund; however, President Javier Milei is confronted with a pressing hard-currency shortage that must be addressed prior to the elections next year. Following agreements with the World Bank and the Inter-American Development Bank, alongside repos, local debt emissions, and forthcoming privatisations of state-owned enterprises, Economy … Read more
Argentina’s Central Bank has taken steps to further ease foreign-exchange restrictions, capitalizing on a phase of relative stability in the currency market to provide relief to individuals and companies alike. The measures constitute a methodical approach designed to streamline access to dollars, all the while preserving the overarching structure of capital controls. Among the most … Read more
For over ten years, investors have consistently witnessed the Argentine peso follow a singular trend – a decline. Currently, amidst the turmoil of the war in Iran affecting global markets, it is experiencing growth. The peso emerged as one of only two developing currencies to appreciate against the dollar in March, coinciding with the MSCI … Read more
Since the partial lifting of currency controls last April, Argentines have acquired approximately US$26.39 billion in the official foreign-exchange market, as reported by Central Bank data. Reports indicate that purchases intensified in the months preceding the midterm elections. From April 2025, the total currency sales have reached US$3.68 billion, leading to a net acquisition of … Read more
On Friday, Argentina’s Central Bank disclosed that it has repaid a segment of the US$20 billion currency swap with the United States Treasury that was utilized in 2025. The announcement represents the initial public acknowledgment by the monetary authority that a portion of the facility has been “activated.” The Central Bank’s communiqué indicates that the … Read more
A report by the Congressional Research Service, the public think tank of the United States Congress, has indicated that Argentina may face the necessity of devaluing its currency or defaulting on its debt. The document, dated December 30 but released this week, stated that “Argentina’s main source of foreign currency is the remaining balance on … Read more
Argentine enterprises and investors are incurring additional costs to acquire dollars in a strategic maneuver to circumvent the currency controls imposed by President Javier Milei. While individuals encounter reduced limitations in the current environment, corporations continue to navigate obstacles related to the acquisition and disposal of U.S. dollars as Milei endeavors to stabilize the peso … Read more
Following a two-year focus on maintaining “a cheap dollar” as a means to demonstrate declining inflation rates, President Javier Milei’s administration has capitulated to demands from Washington to bolster Argentina’s international reserves. The announcement of an update to the peso’s exchange-rate trading bands, indexing them to inflation starting in January, reflects a pragmatic shift: Milei’s … Read more
Each morning at Argentina’s Central Bank, the traders on the foreign exchange desk embark on a straightforward objective: to prevent the peso from fluctuating excessively in either direction. Recently, the peso has demonstrated relative stability, weakening by less than one percent in November, marking its smallest monthly fluctuation of the year, despite being the weakest … Read more
Argentina has relaxed its currency trading restrictions and announced plans to rebuild foreign reserves, capitalizing on the increasing investor confidence in President Javier Milei’s administration to stabilize its precarious financial situation. Starting in 2026, the trading bands for the peso will adjust in accordance with the monthly inflation rate, rather than the existing one percent … Read more