Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 1st 2024 - 11:10 UTC

Tag: Sergio Massa

  • Saturday, August 19th 2023 - 10:55 UTC

    IMF holds talks with Argentina's opposition economists

    For the IMF the meetings were one of the Fund's regular and routine contacts with “a wide range of political and economic references”

    International Monetary Fund (IMF) specialists Friday held separate video conferences with economic teams from Argentina's two main contenders for the Oct. 22 presidential elections: La Libertad Avanza (LLA) and Juntos por el Cambio (JxC).

  • Saturday, August 19th 2023 - 09:21 UTC

    Massa clinches deal to curb price hikes

    The cost of the devaluation cannot be paid by the people, Massa argued

    Argentine Economy Minister and presidential hopeful Sergio Massa Friday announced an agreement with most leading supermarket chains and wholesalers for 90 days, during which prices will remain frozen in principle for some 52,300 mass consumption products and increases will be capped at 5% per month, it was reported in Buenos Aires.

  • Friday, August 18th 2023 - 11:00 UTC

    Argentine gov't reached deal to freeze price of fuel

    “People have to know that we know what is happening to them,” Massa stressed

    Argentina's Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the country's leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.

  • Thursday, August 17th 2023 - 11:46 UTC

    “Blue” dollar rises AR$ 50 in one day

    When will the “blue” dollar stop increase after the PASO elections?

    The “blue” (a euphemism for “black market”) dollar reached a new all-time-high Wednesday in Argentina and closed at AR$ 780 after hitting AR$ 800 at some point during the day, it was reported in Buenos Aires. On Tuesday it traded at AR$ 730 after Monday's 22% devaluation which drove it from AR$ 600 on Friday. It traded at AR$346 at the end of 2022.

  • Monday, August 14th 2023 - 10:58 UTC

    Political earthquake: Libertarian candidate Javier Milei surges ahead in Argentina's elections

    With 61.21% of the voting tables counted, Milei has secured an impressive 32.57% of the votes, defying the pre-election polls and creating shockwaves across the political spectrum.

    The libertarian economist Javier Milei, leading the front “La Libertad Avanza,” (far-right) has emerged as the frontrunner in Argentina's Open, Mandatory, and Simultaneous Primary (PASO) elections, as indicated by the initial provisional scrutiny results released on Sunday.

  • Saturday, August 12th 2023 - 10:58 UTC

    Argentina: “Blue” dollar still climbing on last working day before PASO elections

    Economy Minister and presidential candidate Sergio Massa could announce no measures due to the electoral ban

    The “blue” (a euphemism for “black market”) dollar climbed AR$ 3 and reached AR$ 605 on the last working day before Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections in Argentina, it was reported Friday in Buenos Aires. Meanwhile, the official exchange rate closed at AR$ 300.

  • Friday, August 4th 2023 - 10:56 UTC

    “Blue” dollar knows no ceiling in Argentina

    A devaluation of around 20% is expected after the Aug. 13 PASO elections

    The “blue” (a euphemism for “black market”) dollar went up again Thursday in Argentina hitting a new all-time high of AR$ 570 at the end of the day as the Aug. 13 Simultaneous, Mandatory, and Open Primary (PASO) presidential elections loom over, it was reported in Buenos Aires.

  • Wednesday, August 2nd 2023 - 10:55 UTC

    Argentina: “Blue” dollar keeps soaring as elections loom over

    These figures came after Sergio Massa's latest measures to bolster the BCRA reserves

    The “blue” (a euphemism for “black market”) dollar rose another AR$ 10 Tuesday, reaching AR$ 560, its highest quotation ever, less than two weeks ahead of the Open, Simultaneous, and Mandatory Primary (PASO) elections in Argentina, it was reported in Buenos Aires. The gap with the wholesale (official) dollar stood at 102.79%. So far in 2023, the US currency in the parallel market accumulates an increase of AR$ 214 after closing 2022 at AR$343.

  • Tuesday, July 25th 2023 - 11:48 UTC

    Argentina: “Blue” dollar rises yet again

    Massa wants to avoid an abrupt devaluation ahead of the elections

    The “blue” (a euphemism for “black market”) exchange rate between the Argentine peso and the US dollar rose over AR$ 20 -trading at AR$ 550/US$1- for an accumulated increase of AR$37 in the last 11 days after the latest announcements from the Economy Ministry, it was reported in Buenos Aires.

  • Monday, July 24th 2023 - 10:55 UTC

    Argentina, IMF reach new understanding

    Massa might travel to Washington DC shortly to finalize the deal

    Argentina and the International Monetary Fund (IMF) have reached an agreement in principle on the fifth review of the South American country's credit program, it was announced Sunday.