As a result of the drought, the drop in international prices and lower grain sales, the settlement of foreign currency in January closed with a cumulative amount of only US$928 million, which marks the worst record since 2007 and a 61% drop year-on-year. The economic challenge going forward …
A government commission yesterday started to debate a tax regime bill that would allow Argentine residents who freelance for companies abroad to earn up to US$30,000 a year without converting them to pesos. If approved, the bill would substantially increase the amount of money that contractors and freelancers …
Argentina’s sovereign bonds and stocks ended January with very good results. This upward rally was backed by investors taking positions in the face of attractive values and succulent returns in a month when the government announced an external debt buyback for US$1 billion, but when inflation is still …
The government will launch a AR$5 billion relief fund for farmers who took considerable losses amid a historic drought, Economy Minister Sergio Massa announced this Tuesday. According to Rosario’s Stock Market (BCR), losses – a product of what is considered to be Argentina’s driest recorded summer – could …
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 …
Argentina’s growth will slow to 2% in 2023 from 4.6% in 2022, according to the International Monetary Fund (IMF) World Economic Outlook update, published yesterday. The previous forecast, published in October 2022, had predicted 4% growth for last year. Quoting the Russian war against Ukraine and its consequences, …
Argentines are increasingly looking to stablecoins as a way of saving in the face of government exchange restrictions, a report by Americas Market Intelligence (AMI) revealed. Cryptocurrencies allow users to save without hoarding stacks of the greenback under their mattresses – but experts warn that many of these …
The Central Bank has once again enabled banks to place peso investments in Mutual Funds, after a surprise rate hike that aimed to contain dollar prices sparked controversy this week. This way, the BCRA gave a hand to banks, as interest rates were outdated and they were starting …
Prosecutor Ramiro González today asked judge María Eugenia Capuchetti to order the lifting of sovereign bond purchasers’ stock market secrecy, amid the investigation of possible leaks of information regarding the debt buyback announced last week. The measure will reach individuals and stock brokers who bought bonds that are …
