Argentina

Saturday, January 18th 2014 - 06:39 UTC
US dollar approaching the 12 Pesos mark in Argentina

The US dollar in Argentina reached a new record on Friday at the end of nerve racking week which saw the greenback in the parallel market climb another 40 cents and close at 11.90 and 11.95 Pesos purchase and sale prices. During the week the US dollar soared 1.15 Pesos, and closed the week with a gap of 75.6% between the official dollar exchange and the 'blue' dollar.
Friday, January 17th 2014 - 08:05 UTC
US dollar keeps breaking records in Argentina; central banks reserves fall a further 100 million

The US dollar reached a new record high on Thursday as purchase pressure on the so called “blue” or informal market continues pushing the price which closed 35 cents up at 11.50 pesos for buyers and 11.55 pesos for sellers.
Thursday, January 16th 2014 - 09:34 UTC
Argentine central bank reserves fall below the 30bn dollars threshold

Argentine central bank international reserves continued to erode and on Wednesday pierced through the 30bn floor threshold reaching 29.858bn dollars, the lowest level since November 2006. On Tuesday reserves stood at 30.019bn.
Thursday, January 16th 2014 - 09:28 UTC
Malvinas war veteran plans to visit Falklands cemeteries with a message from Francis

Pope Francis blessed crucifixes and rosaries which will be taken to the Argentine and British cemeteries in the Falkland Islands by an Argentine war veteran. The Pope during the blessings called for peace “among the peoples” of the world.
Thursday, January 16th 2014 - 09:22 UTC
US dollar reaches new record in Argentina, 11.25 Pesos

The US dollar in Argentina continued to climb on Wednesday and reached new highs both in the official market and in parallel trading or the 'blue market'. The official rate closed at 6.75 Pesos to the greenback while the 'blue' reached a record 11.25 Pesos (selling price) with a 66.5% gap between both markets.
Thursday, January 16th 2014 - 08:37 UTC
Falklands Daily Telegraph poll: majority of votes came from Argentina

The Daily Telegraph stated on Wednesday that two thirds of the votes in the Falklands/Malvinas poll came from Argentina. The British newspaper argued that the Argentine vote-flow followed “a social media campaign”.
Wednesday, January 15th 2014 - 19:24 UTC
Uruguay among the world's ten countries with highest inflation

Uruguay is ranked among the world's ten countries with the highest inflation, having climbed from position 15 to 10 last year, only surpassed in Latin America by Venezuela and Argentina. Last year Uruguay ended with an inflation of 8.52%, well above the 4% to 6% target, and according to Central bank officials “it remains the main challenge for the country's economic policy”.
Wednesday, January 15th 2014 - 18:50 UTC
Argentine annual inflation: 28.38%, according to the Congressional index

Argentine annual inflation for 2013 was 28.38% after soaring 3.38% in the month of December alone, according to the Congressional consumer price index, which is a survey that takes the average of several consultancy firms.
Wednesday, January 15th 2014 - 06:50 UTC
Argentine case of possible money laundering with mutilated US dollar bills

US federal agents who seized more than 4 million dollars in US banknotes shipped from a famous money exchange house in Buenos Aires, Alfredo Piano, uncovered what they claimed was a cache of dirty money. Piano, 82, said many of the 100 dollar-bills were filthy and others had been ravaged by fire, water and even dogs.
Wednesday, January 15th 2014 - 00:03 UTC
Argentine baggage handlers delay Aerolineas flights and cruise vessels in Buenos Aires port

Flights to and from Argentina's capital Buenos Aires’ international airport were delayed on Tuesday after a union offshoot that represents baggage handlers for the national carrier, Aerolíneas Argentinas, went on strike to protest the company’s proposal to hire handlers for six-hour shifts.