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
President Javier Milei states that his administration is crafting a mechanism intended to “shut down” the state once budgetary resources are depleted, drawing inspiration from a method distinctive to the United States, where periodic shutdowns have halted federal agencies for extended periods. In an interview on Tuesday with the Neura streaming platform, Milei stated that … Read more
Argentina’s Central Bank confirmed on Monday that it disbursed US$17.7 million in interest following the activation of its swap line with the United States, a move made in anticipation of the legislative elections scheduled for October 2025. Officials indicated their intention to extend the swap line with China, while simultaneously dismissing the prospect of any … 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
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
Milei’s overhaul permits Argentines to transfer up to US$43,700 without any inquiries made. President Javier Milei has put forth a proposal to reform Argentina’s tax system, aiming to reduce bureaucratic obstacles and promote the utilization of previously undeclared greenbacks. The nation’s tax authority, ARCA, will cease the collection of extensive data from individuals and enterprises, encompassing transactions … Read more