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Montevideo, February 26th 2024 - 07:07 UTC

Stories for January 25th 2014

  • Saturday, January 25th 2014 - 03:25 UTC

    Argentina rolls back dollar restrictions hoping to contain market volatility; Monday test day

    Capitanich and Kicillof said the Peso reached a 'convergence level' under a policy of 'managed flotation'

    Argentina lifted on Friday restrictions on personal US dollar purchases for citizens, ending a prohibition on greenback savings that began at the end of 2011. The new measures, which occur one day after both the official and parallel 'blue' dollar saw record rises, were announced in a short press conference by Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof. The measures become effective from Monday onwards.

  • Saturday, January 25th 2014 - 00:28 UTC

    Mantega insists that the Mercosur/EU trade agreement includes Argentina

    The Brazilian minister seems to contradict previous statements from Uruguayan minister Luis Almagro

    Mercosur is preparing for trade negotiations with the European Union and they include Argentina, said on Friday Brazilian finance minister Guido Mantega at the World Economic Forum taking place in Davos, Switzerland. The comment seems to contradict other recent statements which said the trade deal with the EU will go forward with or without a reluctant Argentina.