President Javier Milei

Santiago Bausili

Authorities suggest US$20bn currency exchange is possible before midterms

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President Javier Milei’s senior economic officials indicated on Wednesday their expectation that Argentina’s US$20-billion currency swap with the United States will be concluded within a fortnight. During an event in Washington, Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili expressed optimism regarding Argentina’s economic prospects, emphasizing the robust support the country has garnered … Read more

Blue Dollar Updates

Argentine markets are volatile after Trump and Bessent’s remarks

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Argentine markets are exhibiting volatility in response to the U.S. bailout announcement, with each headline eliciting both positive and negative reactions. On Tuesday, President Javier Milei engaged in discussions with his U.S. counterpart, Donald Trump, at the White House. In a working lunch attended by journalists, Trump stated that his administration would extend financial support … Read more

Argentina Inflation Rises Again, Up 2.2% in September

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As a result of the 2.1 percent increase in consumer prices that occurred in September, inflation continued its upward trend over the previous month. According to the data, prices have increased by 22 percent in the first nine months of the year and by 31.8 percent over the last twelve months. This represents a considerable … Read more

Blue Dollar Updates

Trump Warns of US Exit if Milei Loses, Shaking markets

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US President Donald Trump indicated that the US$20-billion support package the United States is considering for Argentina may depend on the performance of libertarian leader Javier Milei in the upcoming midterm elections, which has introduced new uncertainties in the currency market. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” … Read more

Milei requests political and economic aid from the White House

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President Javier Milei is set to visit the White House on Tuesday, seeking a prominent display of political and economic backing from his US counterpart, President Donald Trump, in anticipation of crucial midterm elections. As Argentina grapples with the prospect of yet another financial crisis and Milei’s disapproval ratings continue to climb, the libertarian figure … Read more

Blue Dollar News

Argentina’s Textile Sector Crumbles Under Chinese Import Pressure

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For years, Argentines have expressed dissatisfaction regarding the elevated prices of clothing. Recently, however, their expressions of concern have been met with a query presenting an alternative solution. References to the online Chinese retailer have proliferated for a specific rationale. Since President Javier Milei removed restrictions on online shopping platforms, the Argentine market has seen … Read more

Blue Dollar Updates

Bessent’s bold bet on Argentina faces a challenging path to success

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For Scott Bessent’s US$20-billion wager on Argentina to yield positive results, numerous factors must align favorably – factors that historically, in Argentina, have often not aligned as intended. The US Treasury secretary unveiled a support measure on Thursday aimed at stabilizing the nation’s financial markets amid escalating turmoil, while also assisting a key political ally … Read more

Blue Dollar News

Argentina and OpenAI team up for the Patagonia Data Center

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The Argentine government disclosed on Friday that U.S. artificial intelligence firm OpenAI has entered into a letter of intent to partner with Argentine-U.S.-owned company Sur Energy for the development of a large-scale data center in Argentine Patagonia. A presidential press release characterized the initiative as a “pioneering artificial intelligence infrastructure project” designed to position Argentina … Read more

Blue Dollar Updates

Argentina is rescued by US Treasury peso purchases

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The United States swiftly moved to stabilize Argentina’s economy on Thursday, providing US$20 billion in financing and executing an uncommon intervention in currency markets to support the peso following weeks of significant declines. Washington has finalized a US$20-billion currency swap framework with Argentina’s Central Bank, as stated by Treasury Secretary Scott Bessent in a social … Read more

Scott Bessent

US Treasury Takes Bold Steps in the Argentine Forex Arena

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U.S. Treasury Secretary Scott Bessent has declared that the United States acquired pesos in the Argentine market today as part of ongoing negotiations in Washington aimed at supporting President Javier Milei’s administration. Finance specialists remarked that this type of direct intervention in the local forex market by the U.S. was “unheard of.” Bessent stated “Today … Read more