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MercoPress, en Español

Montevideo, August 24th 2025 - 01:55 UTC

Argentina

  • Monday, October 1st 2018 - 08:56 UTC

    Beijing currency swap support for Argentina

    “A US$ 9 billion expansion of the ‘swap’ with China is practically closed,” Guido Sandleris was quoted saying in an interview with La Nacion published on Sunday

    Argentina has “nearly closed” a new currency swap deal with China that will add the equivalent of US$ 9 billion to the South American country’s reserves, the central bank said on Sunday. Argentina and China first agreed to a swap program in 2009 to boost the South American country’s dwindling reserves under former President Cristina Fernandez. Last year, the center-right government of President Mauricio Macri and China agreed to extend the program for three more years.

  • Saturday, September 29th 2018 - 10:38 UTC

    Two more Argentine conscripts fallen during the Falklands' conflict have names

    The Argentine military cemetery at Darwin has less tombstones reading, Argentine soldier, only known to God

    The remains of two more Argentine conscripts who lost their lives during the 1982 South Atlantic conflict and are buried at the Argentine military cemetery in the Falkland Islands have been identified, according to the Human Rights Secretariat Office in Buenos Aires. This brings the total number of identified soldiers, previously only marked as “Argentine soldier, only known to God”, to 99.

  • Friday, September 28th 2018 - 20:06 UTC

    “Corruption in Argentina surpasses fiction”, and neighboring Uruguay is the “perfect Swiss laundry” for funds

    “The reality of corruption in Argentina surpasses fiction,” said Hugo Alconada Mon, an investigative journalist and the author of The Root of All Evils

    The book topping Argentina's bestseller list is not a thriller or a murder mystery. It’s a crime story of another sort: a blockbuster about political corruption that suggests that bribery is an integral part of the country’s body politic. And neighboring Uruguay is also described as the perfect Swiss laundry for most of the money swindled from Argentina.

  • Friday, September 28th 2018 - 08:58 UTC

    Brazilian currency strengthens below 4 to the dollar: first time in five weeks

    The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year

    The Brazilian currency dipped under four Real to the dollar for the first time in five weeks at close on Thursday as the markets reacted favorably to the emergence of two clear presidential election frontrunners. The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year.

  • Friday, September 28th 2018 - 08:07 UTC

    Ushuaia looking ahead to a great 2018/19 Antarctica cruise season

    The Antarctica season will officially take off next 7 October when “Kapitan Khlebnikov” from Quark Expeditions calls at Ushuaia.

    Ushuaia, capital of Tierra del Fuego province in the extreme south of Argentina will again be the main hub for Antarctica cruises with an estimated 284 calls involving 36 vessels, according to the provincial Tourism Institute. Overall Ushuaia will receive 375 calls, (Antarctica and non Antarctica cruises) totaling some 120.000 visitors.

  • Friday, September 28th 2018 - 07:55 UTC

    President Macri asks for patience; poverty index shows 27,3% Argentines live in poverty

    Macri promised to increase social spending to protect the poor and acknowledged the coming months would be difficult for Argentines

    President Mauricio Macri on Thursday asked Argentines for patience in weathering an economic crisis this year and pledged to increase social spending in the coming months, a day after reaching a US$ 57.1 billion deal with the International Monetary Fund.

  • Thursday, September 27th 2018 - 09:19 UTC

    Argentine Peso with trading band and zero growth monetary supply policy

    Subject to IMF board approval, financing would no longer be discretionary, but would be readily available to the government for budget support, said Lagarde

    The International Monetary Fund Managing Director Christine Lagarde, speaking at a news conference in New York alongside Argentine Economy Minister Nicolas Dujovne, said IMF was “significantly frontloading” disbursements under the program adding the Argentine central bank had agreed as part of the deal to allow the peso currency to float freely and would only intervene in the foreign exchange market in extreme circumstances.

  • Thursday, September 27th 2018 - 05:45 UTC

    IMF and Argentina concord on 36-month US$ 57bn stand-by agreement

    Argentina has developed a strengthened economic plan that is aimed at bolstering confidence and stabilizing the economy, said Christine Lagarde (Pic AP)

    The International Monetary Fund staff and Argentina authorities have reached an agreement on a set of strengthened economic policies that will underpin the 36-month Stand-By Arrangement (SBA) approved on June 20, 2018.

  • Wednesday, September 26th 2018 - 09:09 UTC

    Macri at UN reaffirms Argentine sovereignty over Falklands, but also praises positive dialogue with UK

    President Macri employed barely sixty seconds of his eleven minute address to the South Atlantic islands sovereignty claim

    President Mauricio Macri reaffirmed, once again, “Argentina's legitimate and imprescriptible sovereign rights over the Malvinas, South Georgia and South Sandwich Islands and their surrounding maritime spaces”, in his speech to the United Nations General Assembly on Tuesday.

  • Tuesday, September 25th 2018 - 21:35 UTC

    Who is Guido Sandleris, Argentina's Central Bank president after the surprise resignation of Caputo

    Guido Sandleris, a figure close to Nicolás Dujovne, was until now the Secretary of Economic Policy of the Ministry of Finance

    The resignation of Luis Caputo to the Presidency of the Central Bank of Argentina (BCRA), which has been reflected with surprise by the international media, occurs amid the trip of the Argentine President, Mauricio Macri, to New York to attend the Assembly General of the UN and with the mission of restoring the confidence of the international market in the Argentine economy. His predecessor, Guido Sandleris, receives a Central Bank when it is about to close an agreement with the International Monetary Fund (IMF).