Tag: Argentine peso

• Tuesday, September 23rd 2014 - 10:48 UTC

  Argentine Peso faces a turbulent start of the week with new records

  

  The beginning of a turbulent week for Argentina's money exchange market with the informal or 'blue' dollar climbing to 15,15 Argentine Pesos, while the official rate was up one cent to 8,45 Pesos in Buenos Aires banks and foreign exchange offices.

• Monday, July 14th 2014 - 23:09 UTC

  Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

  

  The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.

• Monday, December 2nd 2013 - 15:22 UTC

  Argentine official devaluation of the Peso could reach 50% in the next six months

  

  The Argentine Peso at the official exchange rate could reach a depreciation of almost 50% by the end of the year at the current rate of erosion, which is also expected to have a downward impact on the parallel market or 'blue dollar, according to local experts.

• Monday, April 29th 2013 - 23:17 UTC

  Argentine government considering options to contain the ‘parallel’ dollar

  

  The Argentine government is considering different options to contain the current skyrocketing of the US dollar, but according to the financial media there are different positions in the cabinet of President Cristina Fernandez. One of those calls for direct interventions while the other adopts a more passive attitude saying the issue is speculative and ‘marginal’.

• Saturday, April 27th 2013 - 04:25 UTC

  Argentines fear major devaluation of the Peso and dollar sets new record at 9.34

  

  The US dollar in the ‘blue’ or parallel market kept climbing in Argentina ending a week of consecutive records reaching on Friday 9.30 and 9.34 Pesos (buying and selling price) 14 cents more than on Thursday. Since the beginning of the year the US dollar has climbed 36.97% while the official rate stands at 5.18 Pesos, with an increase of only 5.3%.

• Thursday, November 1st 2012 - 06:47 UTC

  Leading Argentine corporation claims the economy is in ‘very fragile situation”

  

  One of Argentina’ leading international corporations, Techint, made public a 200 pages report sent to the Buenos Aires stock exchange with a devastating picture of the country’s economy which “continues in a state of fragility”.

• Saturday, July 28th 2012 - 11:21 UTC

  Argentine 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.

• Wednesday, July 18th 2012 - 08:30 UTC

  “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.

• Wednesday, June 6th 2012 - 22:59 UTC

  Argentine president pledges to turn her dollar savings into Pesos and urged ministers to follow

  

  Argentine President Cristina Fernández insisted Wednesday on the need of saving in Pesos instead of US dollars and announced that she would “pesify” her dollar fixed-term bank deposit, urging her ministers to do the same.

• Thursday, May 31st 2012 - 02:46 UTC

  “Dollar clamp” cases will be dealt in the courts warns Argentine Chief Justice

  

  In spite of the barrage of statements is support of currency exchange controls (or clamped dollar) implemented by the Argentine government, the Supreme Court chief justice admitted that it could soon have to deal with complaints.