Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.
Argentine equities rallied on Thursday, while the country's peso currency was stable, as the central bank sold foreign currency reserves in the spot market for the first time since the country announced it was seeking financing from the IMF.
Argentina finalized its foreign bond sale plan for 2017 on Thursday, selling 2.75 billion Euros in three bonds in an offering that was more than four times oversubscribed, the Finance Ministry said in a statement.
Foreign minister Susana Malcorra said that analyzing the different scenarios in the UK regarding the Falklands/Malvinas sovereignty dispute, there is a horizon of possibility for Argentina to have a dialogue on the issue.
Under this heading Dante Caputo, a former Argentine foreign minister (1983/89) with an impeccable domestic and international academic background addresses the 'Malvinas question' and proposes Argentina sets a 2033 target for a new attempt on the Islands, this time trying to convince the Falkland Islanders, and that in seventeen years time, the country is reliable and sovereignty discussions should then take place.
The Argentine government remains silent on the death last Monday of former British Prime Minister Margaret Thatcher, but several lawmakers, former officials and Malvinas veterans organizations did have something say and not only linked to the Falklands war and the sinking of the Argentine cruiser ‘Belgrano’ in May 1982.