Experts pointed out that the move could incentivize money laundering and tax evasion
Dollar & Peso
‘The idea is for you to buy whatever you want without anyone asking for explanations,’ said the Economy minister
Dollar at AR$1,000? Government sends message to exporters while business leaders flock to China
Argentina’s economic team swears there won’t be a devaluation and the cuts to export duties are temporary, while hinting at the next tax cuts
A report recommends investing based on a new foreign currency scheme and the lifting of capital controls following a new IMF loan
The official exchange rate at Banco Nación opened at AR$1,250 in the first session since the banded floating exchange rate was announced
Argentina’s economy minister has asked for a 40% payout on the initial disbursement — a request the lender has called “reasonable”
The Central Bank has sold dollars for eight days in a row, accumulating losses for US$1.3 billion
While market actors have a ‘favorable’ view of the agreement, they are saving final judgement until all details are known
The president gave a TV interview in which he also doubled down on homophobic comments