Argentina Currency Peso

New steps to attract dollars boost Argentina bonds

Argentina’s bonds experience an uptick following the introduction of new measures aimed at attracting foreign currency. The Central Bank has introduced a series of measures designed to assist the nation in accumulating additional hard-currency reserves. On Tuesday, Argentina’s bonds experienced an uptick following the Central Bank’s announcement of a series of measures designed to bolster the nation’s … Read more

US Dollar

Milei’s forex strategy boosts dollar demand to its highest level since 2019

The demand for dollars in Argentina reached its peak since 2019 following President Javier Milei’s near-complete removal of foreign-exchange restrictions in the economically vulnerable South American country. In April, approximately one million Argentines acquired a total of US$1.9 billion in foreign currency, as reported by the Central Bank. That represents a significant increase from March, when … Read more

Javier Milei - US Dollar

Milei’s significant challenge of persuading Argentines

Argentines are well aware of their historical context, having indulged in spending sprees previously funded by the Central Bank, which consistently culminated in economic disaster: during the late 1970s, the 1990s, and the mid- to late 2000s. Milei faces the significant challenge of persuading them that the status quo will not persist. In the initial … Read more

US Dollar - Argentina Peso

Milei’s overhaul enables Argentines send up to $43,700 without questions.

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

US Dollar

Dollar exporters receive government guidance at AR$1,000.

The government asserts that the dollar is set to decline. The communication this time was directed towards representatives from both the export sector and the agricultural sector. The economic team emphasized that the decrease in export duties is provisional and provided insights regarding the tax reform initiative. Meanwhile, concerns linger regarding the viability of the … Read more

Argentina Peso

Milei challenges predictions thus far as Argentina’s peso gains strength

Analysts anticipate a more robust peso in the coming months as traders respond positively to President Javier Milei’s plan. Traders in Buenos Aires are starting to embrace President Javier Milei’s goal of bolstering Argentina’s currency to 1,000 pesos per dollar, despite warnings from economists that this trend may reverse in the latter half of the … Read more

Javier Milei

Happy Easter, the dollar is in order : Milei

Milei may resonate with Alfonsín’s sentiment by declaring, “Happy Easter, the dollar is in order.” However, it’s still early in the process. A more comprehensive withdrawal from currency and capital controls by Macri in late 2015 was executed with greater ease, yet it did not guarantee him a favorable outcome. The exit from ‘cepo’ currency … Read more