Tag: Aldo Pignanelli

• Wednesday, July 22nd 2015 - 06:37 UTC

  Dollar in Argentina breaks 15-Peso threshold; pro-business candidate poor showing scares markets

  

  The US dollar kept climbing in Argentina and ended trading on Tuesday above the 15 Pesos threshold after having advanced 30 cents on Monday and 54 cents today. Sunday's electoral result in the City of Buenos Aires where the pro-business PRO party just managed to scrape by with victory, has triggered growing nervousness and speculation among savers and traders.

• Thursday, September 4th 2014 - 05:00 UTC

  Argentina looks to Uruguay to issue sovereign bonds and pay creditors

  

  A former chairman of Argentina's central bank board, Aldo Pignanelli considered neighboring Uruguay could be a “trustworthy” option for Argentina to issue sovereign bonds and pay creditors. Uruguay has an outstanding international reputations regarding abiding by contracts and ensuring legal security, added the Argentine banker.

• 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.

• Friday, May 18th 2012 - 09:41 UTC

  Argentine former central bank chief anticipates “de facto devaluation”

  

  A former Argentine central bank president warned that if the economy follows on the current course, a “de facto devaluation” is round the corner because of the growing gap between the official and parallel exchange rates for the US dollar.