Argentina

• Thursday, April 27th 2023 - 10:32 UTC

  Argentina: US dollar recoils after Minister Massa's measures

  

  After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.

• Wednesday, April 26th 2023 - 02:55 UTC

  Mercosur members, Argentina, Uruguay, Paraguay expected a decrease in 2023 beef exports, USDA

  

  Based on data from the United States Department of Agriculture (USDA), a recent report from SAFRAS & Mercado indicates that the participation of Mercosur members Argentina, Paraguay, and Uruguay in global beef exports is expected to decrease in 2023 compared to the previous year.

• Tuesday, April 25th 2023 - 19:46 UTC

  Argentine gov't losing grip: peso keeps plummeting

  

  By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.

• Tuesday, April 25th 2023 - 12:57 UTC

  “Blue” dollar hits AR$ 462 in Argentina

  

  The “blue” (a euphemism for “black market”) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country's economy, which it was lagging.

• Tuesday, April 25th 2023 - 12:43 UTC

  Argentina to export oil to Chile again

  

  Beginning in June, Argentina will resume exporting oil to Chile after 17 years, the website Rio Negro reported.

• Monday, April 24th 2023 - 17:02 UTC

  Argentine inflation has the country printing money in France, Malta, Spain, China and Brazil

  

  The explosive inflation situation in chaotic Argentina, close to 120% in twelve months, with the CPI at 7,7% in March ( and roaring during the three weeks of April) is showing that the country is incapable of supplying the necessary demand for bills and thus must appeal to the printing in foreign mint houses, of billions of Argentine bills.

• Monday, April 24th 2023 - 11:03 UTC

  FIFA's U20 World Cup in Argentina and a toponymy controversy over “Malvinas” stadium

  

  The FIFA Council has confirmed Argentina as the host of the FIFA U-20 World Cup 2023. The decision follows the removal of the original tournament host, Indonesia, as well as a subsequent bid submitted by the Argentine Football Association (AFA) and an on-site inspection by a FIFA delegation to the South American country last week.

• Saturday, April 22nd 2023 - 10:55 UTC

  Argentina: Ruling coalition welcomes President Fernández's announcement

  

  Argentine President Alberto Fernández's announcement that he would not seek reelection was welcomed within the ruling Frente de Todos (FdT) coalition, which now has the opportunity to submit several candidacies to be decided upon at the Aug. 13 Open, Mandatory and Simultaneous Primary (PASO) elections.

• Saturday, April 22nd 2023 - 10:54 UTC

  Argentina: How did the President's announcement hit the foreign exchange market?

  

  President Alberto Fernández's announcement Friday that he would not seek reelection this year triggered the US dollar further up against the Argentine peso, reaching AR$437 / AR$442 (buy/sale) at the “blue” (a euphemism for “black market”) exchange rate. Meanwhile, the official rate stood at AR$217/AR$225 (buy/sale), for a gap of 102.26% between the two quotations.

• Friday, April 21st 2023 - 15:11 UTC

  Argentine President Fernández won't seek another term: “We did not achieve everything”

  

  President Alberto Fernández of Argentina announced in a video message on his social media that he will not seek re-election in the upcoming presidential elections. In his message titled “My decision,” Fernández admitted the main problems of his government's management and described the defeats in economic matters of his administration.