The rains that have fallen in recent days have brought (some) relief to farmers, especially in the core production zone, which needed to improve its soil moisture profile in order for agricultors to finish the soybean and corn planting work and to facilitate good crop development. But not …
The Central Bank raised the one-day repo rate for mutual funds on Monday, in another attempt to contain the escalation of the parallel exchange rates. According to the Central Bank B12465 resolution, the repo rates for mutual funds will now be 95% of the repo rates for banks, …
Argentina and Brazil will discuss the creation of a common South American currency, their presidents have confirmed. In a joint statement today, President Alberto Fernández and his newly-inaugurated Brazilian counterpart, Luis Inácio Lula da Silva, confirmed that the two countries’ economy ministers are to draw up plans with …
The government is investigating the country’s top ten stock brokers after the opposition reported that information about last Wednesday’s debt buyback had been leaked. Since the announcement, in which Economy Minister Sergio Massa said the country was going to “buy back Argentine foreign debt for over US$1 billion”, …
From November 2023, the Central Bank will allow savers to make payments using money held in fixed-term deposits. The bid to encourage Argentines to save in the national currency comes days after it was announced that inflation hit 94.8% in 2022. From July, users will also be able …
Liaison Board (Mesa de Enlace) leaders have been demanding a meeting with Economy Minister Sergio Massa for weeks, and he will finally see them today at the INTA (National Institute of Agricultural Technology) Experimental Station in the city of San Pedro, in Buenos Aires province. The meeting will …
The Economy Ministry reported that Argentina’s primary deficit reached 2.4% of its GDP in 2022, meaning that the government over-complied with the 2.5% goal negotiated with the International Monetary Fund (IMF). Meanwhile, the financial deficit came to 4.2% of GDP. In 2022, the national public sector registered an …
Payments made in Argentina with foreign credit cards are processed at the MEP dollar rate. Here are the details.
The Economy Ministry, led by Sergio Massa, issued fines of more than US$1 billion in just one semester for maneuvers in foreign trade, both for over-invoicing and under-invoicing of exports. While the ministry claims the solution is to lower the exchange rate gap that has held at 100% …
