Argentina’s enduring fixation on the U.S. dollar stems from a history marked by recurrent economic crises and persistent inflation. It is also one of the factors contributing to the swift adoption of cryptocurrency in the country. An analysis reveals that Argentina boasts a user base four times larger than the average Latin American nation: 12% … Read more
The demand for dollars in Argentina has reverted to levels reminiscent of the market sell-off experienced last year, despite the unexpected stabilising effect of the conflict in Iran on President Javier Milei’s currency policies. In July, Argentines’ acquisitions of US banknotes surged by 35 percent month-on-month, reaching US$3.4 billion. This figure marks the highest monthly … Read more
Argentina’s Central Bank is relaxing enduring limitations on dollar lending, permitting banks to provide foreign-currency credit to firms generating revenue in pesos, as President Javier Milei’s administration aims to enhance credit availability and stimulate economic activity. The measure will enable banks to extend loans amounting to 15 percent of their dollar deposits, which currently total … 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
Less than halfway through the year, Argentina’s Central Bank has exceeded its US$10-billion target for dollar purchases, driven by a record crop harvest, an energy boom, and a significant increase in debt issuance by provinces and local companies. The monetary authority acquired US$43 million on Wednesday, as per official figures, surpassing the purchasing target established … 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’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
