Announced the week after the Central Bank was forced to sell over a billion dollars to defend the peso, the measure will last until October 31, five days after the national mid-terms

The informal and financial exchange rates exceeded AR$1,500 while Argentina’s country risk surpassed 1,500 basis points

His comment came as the Central Bank hemorrhages reserves to contain a run on the peso

Parallel dollars soared as the administration struggled to keep the official exchange rate at AR$1474.5

The dollar surpassed AR$1474.4, the ceiling of the IMF-negotiated currency band, forcing the monetary authority to intervene for the first time in five months

A New York court had ordered the province to pay the hedge funds US$124.7 million for defaulting on bonds in 2020, after they declined to participate in a debt restructure

The president announced that in 2026 there will be more funding for pensions, as well as public hospitals and universities

June was the month with the most layoffs in the last nine years, and analysts and business owners warn the worst is yet to come

The fund’s spokeswoman added that Argentina had told them they would intervene in the foreign exchange market