Tag: de-dollarisation
de-dollarisationArgentine grains futures market in shock: government wants operations in Pesos
Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier.
“Informal” and “blue” dollar in Argentina soars to 6.60 and 6.78 Pesos
Argentina's Peso sank in informal trade on Tuesday due to intense demand for US dollars from anxious savers and holidaymakers dodging the government clamp on international currency purchases.
Argentine central bank announces “pesification” of real estate operations
Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.
Argentine dollar restrictions intensify malaise in real estate and the wider economy
On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.
