Santiago Bausili, the Central Bank president selected by Javier Milei, has yet to assume his role at the institution
Markets
Argentina’s Central Bank halts exchange operations until new team arrives
The funds are the second part of the current deal that was signed in 2020 and renewed this year
Some market participants’ operations will now be limited to AR$100 million per day
Over 800 people with inactive taxpayer numbers appeared to have operated in the MEP dollar market, the authorities said.
Bond auction: Argentine markets take cover from devaluation, inflation
More than 50% went to bonds that pay whatever is the highest amount between the inflation rate and the devaluation of the peso against the US dollar
Argentina adopting the greenback would clash with the constitution, augur hyperinflation, and risk default. The consequences would be devastating
Official sources said the recent devaluation was agreed with the IMF, but brought forward in light of the primary election results
Eight different consulting firms are placing this month’s inflation rate between 10% and 15%
The informal dollar has jumped 21.6% in the last 30 days. Analysts say it is a reflection of the market’s uncertainty regarding the economy