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MercoPress, en Español

Montevideo, April 28th 2025 - 01:26 UTC

Argentina

  • Tuesday, April 15th 2025 - 19:25 UTC

    Paraguay and Uruguay prepare for new scenario with stronger Argentine peso

    The new floating quotation between the Argentine peso and the US dollar is foreseen to have positive repercussions in both neighboring countries

    Following Buenos Aires' announcements regarding the lifting of restrictions to exchange local pesos into US dollars, neighboring Uruguay and Paraguay are preparing for the changes to come. Both countries foresee an increasing influx of Argentine travelers to benefit from the new scenario, which in the case of Paraguay also includes a depreciating guaraní.

  • Tuesday, April 15th 2025 - 10:59 UTC

    Milei's Argentina closes ranks with Trump's US

    “Thanks to President Milei's bold agenda, we see signs of a historic turnaround,” Bessent highlighted

    Argentine President Javier Milei met with US Treasury Secretary Scott Bessent at Casa Rosada to discuss strengthening bilateral ties, focusing on a potential trade agreement aligned with US President Donald Trump’s reciprocal tariffs proposal.

  • Tuesday, April 15th 2025 - 10:49 UTC

    Adorni to resign as Milei's spokesman

    Adorni is running in the May 18 elections for a seat on the Buenos Aires City's Legislature

    Argentina’s Presidential Spokesman, Manuel Adorni, admitted he would be leaving his position after participating in next month's elections in the Autonomous City of Buenos Aires, where he will be running for a Legislature seat on behalf of the ruling La Libertad Avanza (LLA). Hence, he will resign his Casa Rosada position on Dec. 9, 2025.

  • Monday, April 14th 2025 - 10:18 UTC

    CFK posts another “Che Milei” diatribe on X

    It is the Argentine people who will pay the price for your decisions, your arrogance, and your surrender, CFK told Milei in her posting on X

    Former Argentine President Cristina Fernández de Kirchner (CFK) Saturday published on X another issue of her “Che Milei” saga criticizing the incumbent head of State for his arrangements with the International Monetary Fund (IMF) and other credit agencies, foreseeing negative consequences for the country.

  • Saturday, April 12th 2025 - 10:50 UTC

    Mercosur FMs agree to expand exceptions to CETs

    The meeting was good, albeit tense in some environments

    Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.

  • Saturday, April 12th 2025 - 10:44 UTC

    WB and IDB pledge further funding for Milei's Argentina

    The IDB and WB announcements came after the IMF's Board approved a US$ 20 billion loan

    The World Bank (WB) announced Friday a US$ 12 billion financing package for Argentina over three years to support economic stabilization and reforms. Pending board approval, the initiative consists of several contributions as follows:

  • Friday, April 11th 2025 - 22:54 UTC

    Argentina announces end of currency controls and introduces exchange rate band

    Economy Minister Luis Caputo said in a press conference at the Casa Rosada that the official exchange rate will now float between 1,000 and 1,400 pesos per US dollar

    The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.

  • Friday, April 11th 2025 - 19:19 UTC

    Argentina: Inflation in March hits 3.7%

    The Indec's figures were worse than Milei's Government had expected

    Argentina's Consumer Price Index (CPI) for the month of March reached 3.7%, the National Institute of Statistics and Census (Indec) reported Friday. These figures marked a sharp increase from February's 2.4% and January's 2.2%. The rise was driven primarily by higher food prices, particularly meat and vegetables, with public services also playing a role. Internannual inflation stood at 66.9% and 4.7% so far in 2025.

  • Friday, April 11th 2025 - 10:57 UTC

    Argentine prosecutor wants Iran's supreme leader arrested

    The prosecutor also argued that Khamenei has no immunity from international arrest

    Argentine Prosecutor Sebastián Basso has filed a request before Federal Judge Daniel Rafecas for an international arrest warrant against Iran's Supreme Leader Ali Khamenei for his alleged involvement in ordering the 1994 bombing of the Argentine Israeli Mutual Association (AMIA) headquarters in Buenos Aires, which killed 85 people and injured over 300.

  • Friday, April 11th 2025 - 10:55 UTC

    Fuegian town of Tolhuin wants British-funded radar dismantled

    A group of war veterans endorsed the motion

    The City Hall of Tolhuin in the Argentine province of Tierra del Fuego -which technically includes the Malvinas (Falkland) Islands and the other British Overseas Territories claimed by the South American country- filed a tax execution lawsuit to dismantle a radar installed by the British company LeoLabs in the area, citing violations of local regulations and national sovereignty.