With reserves around US$10 billion in the red, around half of travelers’ spending is settled in pesos

The agency raised the country’s debt rating from Ca to Caa3 but warned of ‘significant risks’ to its ability to cover payments

The intervention raises questions about what conditions the IMF might put on money from a potential new deal

New systems will allow holders of Argentine accounts to pay for goods in foreign currency by debit card or QR code

The Central Bank made the announcement following newly-published inflation figures for December 2024

The government will allow prices to be shown in U.S. dollars and the banking sector wants to launch dual-currency debit cards. International tourists would not benefit

The credit agency attributed its decision to ‘increased predictability and greater consistency in economic policy’

The loan has BOPREAL dollar-nominated bonds as collateral

The government has attributed the sale to pent-up demand from the auto sector after the PAIS tax was lifted