Tag: Argentina Central Bank

• Friday, December 2nd 2011 - 06:23 UTC

  Third quarter capital flight from Argentina reaches 8.433bn dollars, reports Central bank

  

  Capital flight from Argentina during the third quarter of this year totalled 8.443 billion dollars, almost four times during the same period a year ago, according to the latest report from the country’s central bank.

• Tuesday, November 1st 2011 - 20:41 UTC

  Boudou says Argentine foreign exchange market with stabilize in a few days

  

  Argentina’s Economy Minister, Amado Boudou, came on stage again on Tuesday to bring calm to markets Monday’s debut of the very strict measures in the foreign exchange market strongly limiting the purchase of US dollars.

• Saturday, October 29th 2011 - 03:35 UTC

  Fitch downgrades Argentine oil companies following Central bank dollar move

  

  Fitch Ratings has downgraded Argentine oil companies YPF and Pan American Energy foreign (PAE) currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and has affirmed their local currency IDR at 'BB'.

• Friday, October 28th 2011 - 20:45 UTC

  Argentina imposes stricter foreign exchange rules to contain capital flight

  

  Argentina imposed strict rules for operations in US dollars with the purpose to greater control over the foreign exchange market, moderating alterations in daily operations and above all to stop the haemorrhage of greenbacks estimated at 3 billion dollars a month.

• Friday, September 23rd 2011 - 07:45 UTC

  Argentine central bank dismisses IMF warning on risk of overheating economies

  

  The Argentine Central Bank Governor Mercedes Marcó del Pont dismissed the IMF’s warning on the risk of overheating economies in developing countries.

• Friday, July 15th 2011 - 06:13 UTC

  Argentine central bank purchases 500m dollars to stop appreciation of the Peso

  

  The Argentine Central bank has purchased so far this week 500 million US dollars to ensure that the country’s exporters retain a favourable exchange rate and importers are not that tempted to buy foreign goods.

• Saturday, July 2nd 2011 - 05:50 UTC

  “Cooling the economy or appreciating the currency” backfire for developing countries

  

  Central bank president Mercedes Marcó del Pont defended on Friday Argentina’s current economic policies, particularly efforts to address the international crisis arguing that “cooling the economy or letting the currency appreciate only aggravates the crisis”.

• Friday, March 4th 2011 - 22:29 UTC

  Argentina pays international debts with Central bank ‘free and available’ reserves

  

  Argentina's federal government on Friday said it will pay 2.17 billion US dollars owed to international financial organizations this year with central bank reserves and funds held in the treasury.