Dollar & Peso

Some shareholders, directors and employees of brokers must buy financial dollars in over-the-counter transactions

A court dismissed a company’s legal objection that export legislation was unconstitutional

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 …

Shoppers who have never set foot in Argentina have been scoring massive discounts on online purchases by setting the payment currency to Argentine pesos.  The trick, which meant their transactions were processed at the “foreign tourist dollar” rate intended for international visitors to Argentina, was used as far …

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