Tag: Argentina Central Bank

• Friday, October 22nd 2021 - 23:55 UTC

  Unofficial exchange rate shows Argentina's de facto devaluation

  

  The unofficial exchange rate (commonly referred to as “blue”) of the Argentine peso against the US dollar Friday hit an all-time high, reaching a US $ 1 = AR $ 195 parity thus matching an all-time-high of exactly one year ago (Oct.23, 2020), it was reported.

  Add your comment!
• Wednesday, July 28th 2021 - 09:10 UTC

  Argentina makes payment to Paris Club, loses reserves to cope with domestic demand of foreign currency

  

  Argentina Tuesday made a payment to the Paris Club which resulted in the country's reserves falling to the US $ 42,837 million, it was reported.

• Thursday, March 4th 2021 - 09:24 UTC

  Argentina's banks face a tough year: bad loans, inflation and regulations

  

  Rising inflation plus bad loans and government regulations anticipate a tough 2021 according to the CEO of Argentina's biggest private bank by market capitalization. “If inflation is high, there is a risk that bank results will fall to very low or negative levels in real terms,” Fabian Kon said in an interview in Buenos Aires.

• Wednesday, January 8th 2020 - 09:49 UTC

  S&P admits a mistake and raised its debt grade for Argentina to CCC

  

  S&P Global Ratings raised its debt grade for Argentina on Tuesday, acknowledging the agency made a mistake when it changed the rating in late December for the crisis hit country.

• Friday, January 3rd 2020 - 09:54 UTC

  Argentina issues Treasury Bills, subscribed by the Central bank, to pay creditors

  

  Argentina's new government announced the issuance of US$ 1.326 billion of dollar-denominated Treasury Bills, to be directly subscribed by the central bank, according to a decree in the Official Gazette on Thursday.

• Thursday, January 2nd 2020 - 08:59 UTC

  Argentine president calls for “social responsibility” from business people, otherwise government will intervene

  

  Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don't increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.

• Tuesday, October 22nd 2019 - 09:50 UTC

  Argentine central bank has lost some US$ 19.500 million in reserves since 11 August 

  

  Argentine central bank international reserves stand at US$ 46.885 million following on Monday's rescue of different maturing bonds and support in the local market to help stabilize the price of the US dollar. This demanded some US$ 600 million.

• Friday, September 20th 2019 - 10:22 UTC

  Argentine Central Bank will produce more Pesos: higher inflation is expected

  

  According to estimates among analysts, the Argentine Peso's production will be around $ 300,000 million for the remainder of the year, estimating inflation for 2020 even higher than this year. 80% of that issuance corresponds to the last month of the year, breaking the objective that the Central Bank of Argentina (BCRA) of “zero-emission” had set and jeopardized the exchange control as it works since August.

• Friday, September 13th 2019 - 12:49 UTC

  Argentine central bank announces further currency controls

  

  Argentina's central bank this week announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third-largest economy.

• Tuesday, September 10th 2019 - 09:54 UTC

  Argentine gross public debt stands at US$ 337.367 million; 2020 repayments sum US$ 44.232 million

  

  Argentine gross public debt climbed 3% at the end of the second quarter of the year and has reached US$ 337.367 million compared to US$ 327.166 million in the same period last year, according to the Financial Secretariat.