Rainfall over the past few days has improved the conditions of planted soybeans and corn, especially in plantations that were sowed later. The development makes for welcome good news considering that both crops represent more than US$30 billion in exports and that the oilseed by itself brings in …
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 …
The government will launch the second stage of the Precios Justos (Fair Prices) price control agreement today, which will allow companies to mark up prices by 3.2% a month. The original program, officially launched by the Economy Ministry on November 11, froze the value of roughly 2000 products …
The board of the Central Bank approved today the issue of the AR$2000 bill (US$10.66 at the official rate and US$5.63 at the MEP rate at the time of writing). It will become Argentina’s highest-denomination bill. According to sources close to the matter, the new bill could be …
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 …
