Argentina and Brazil will discuss the creation of a common South American currency, their presidents have confirmed. In a joint statement today, President Alberto Fernández and his newly-inaugurated Brazilian counterpart, Luis Inácio Lula da Silva, confirmed that the two countries’ economy ministers are to draw up plans with …
The government is investigating the country’s top ten stock brokers after the opposition reported that information about last Wednesday’s debt buyback had been leaked. Since the announcement, in which Economy Minister Sergio Massa said the country was going to “buy back Argentine foreign debt for over US$1 billion”, …
Payments made in Argentina with foreign credit cards are processed at the MEP dollar rate. Here are the details.
The Economy Ministry, led by Sergio Massa, issued fines of more than US$1 billion in just one semester for maneuvers in foreign trade, both for over-invoicing and under-invoicing of exports. While the ministry claims the solution is to lower the exchange rate gap that has held at 100% …
The Economy Ministry obtained funds for AR$416 billion in the first bond auction of the year, more than it needed to cover its AR$352.32 billion maturities. The auction took place the day Minister Sergio Massa announced the buyback of US$1 billion of sovereign debt. Immediately after the announcement, …
Economy Minister Sergio Massa announced today that Argentina will start a process of “rebuying Argentine foreing debt for over US$1 billion”. The decision “is a first step” focusing on “short-maturity global bonds”, he said. The buyback will focus on global bonds that mature in 2029 and 2030 (AL29, …
The Economy Ministry will offer seven pesos bonds in an auction to take place this Wednesday, where it will aim to roll over some AR$400 billion. Moreover, the government aims to collect some extra AR$241 billion. Some of the bonds offered will have a fixed rate, while others …
The government is monitoring imports through meetings of the SIRA system committee and conversations with business chambers. The end goal: “managing” the shortage of dollars and preventing the lack of inputs from interrupting production in factories, thus causing labor problems. The Argentine Industrial Union (UIA) released a harsh …
Economy Minister Sergio Massa has lashed out at the International Monetary Fund (IMF), indicating in two interviews over the weekend that the country had made a series of difficult political decisions and was seeing little goodwill in return. “Argentina complied with its program, but the Monetary Fund is …
