Tourists spent US$5 million per day through official channels, five times more than in 2022
Dollar & Peso
Sergio Massa is speeding up conversations with the private sector and aims to create an instrument to clear the financial horizon.
The foreign tourist dollar rate remains in place, but glitches in some apps and delayed reimbursements are causing confusion.
AR$294 billion matured yesterday, and the private rollover is calculated to be somewhere around 85%.
Most of the debt that matures this week is held by the private sector
Argentina’s central bank is set to hold its benchmark interest nominal rate steady this week despite inflation gaining pace once more.
Opposition coalition Juntos por el Cambio questioned this Monday the sustainability of the debt in pesos taken by the national government. The government responded with barbed comments, triggering a protracted dispute. The controversy started when Juntos por el Cambio’s national board issued a statement calling the peso debt …
Customs fine a company from Pirelli´s holding US$20 million for overstating value of imports to get dollars
The Argentine government slapped Prometeon, a licensee of the Milan-based tire manufacturer Pirelli, with a US$20 million fine on Thursday for over-declaring the value of its imports by that sum. According to an investigation by Argentina’s tax and customs authorities, from 2020 to 2022, Prometeon regularly sent tires …
The board of the Central Bank approved today the issue of the AR$2000 bill (US$10.66 at the official rate and US$5.63 at the MEP rate at the time of writing). It will become Argentina’s highest-denomination bill. According to sources close to the matter, the new bill could be …