IMF gives President Javier Milei’s government grace on a crucial benchmark target, allowing it to continue its US$20-billion lending package. The International Monetary Fund has provided Argentina with some leeway regarding a critical benchmark, following the country’s failure to meet the target this month. Argentina must now increase its net hard-currency reserves to a negative US$2.6 … Read more
The Argentine Oil Industry Chamber (CIARA, for its Spanish initials) and the Center of Cereal Exporters (CEC, in Spanish) reported that the total exports of the Argentine agricultural sector in July 2025 reached US$4.1 billion. This figure indicates a 57% increase relative to July 2024 and a 20% rise compared to June of this year. … Read more
In July peso fell more than 12%, the largest monthly drop since Milei devalued it in December 2023. Argentina’s peso experienced a significant decline on Thursday, marking the most challenging month since President Javier Milei implemented its devaluation in 2023. This downturn coincides with an increasing demand for dollars, juxtaposed with a diminishing supply from … Read more
In June, there was a notable increase in monthly dollar purchases, coinciding with the upcoming national legislative elections in Argentina scheduled for October 26. A recent report from the Central Bank reveals that one million individuals chose to purchase United States currency last month, amounting to a total of US$2.4 billion. This marks an increase … Read more
President Javier Milei has declared a reduction in agricultural export duties for the majority of products, a move that comes less than a month after his administration raised these duties. Milei announced his plans during a speech on Saturday at the Rural Expo, an annual event showcasing Argentina’s farming sector. “This seeks to boost farming, … Read more
Argentina’s agroindustrial sector anticipates a significant decline in dollar inflows in the near term, subsequent to the conclusion of a temporary decrease in export duties. Exporters caution that the settlements of proceeds may decline by over fifty percent. Foreign currency supply from the agricultural sector may experience a shortage until November. The government is meticulously … Read more
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
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
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
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