Tag: Argentina Central Bank

• Wednesday, May 16th 2012 - 03:17 UTC

  US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

  

  The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.

• Saturday, March 3rd 2012 - 04:47 UTC

  Cristina Fernandez preparing legal framework to ‘raid’ Central bank reserves

  

  Argentine President Cristina Fernandez sent a bill to Congress on Thursday aimed at helping the government tap more central bank reserves to help repay foreign debt and defend the country's currency.

• Monday, January 2nd 2012 - 06:15 UTC

  Argentine central bank confirms (unorthodox) growth policies for 2012

  

  Argentina's economy should expand by 4.5% to 7.5% in 2012 according to the Central bank that also warned about the threat of the consequences of the Euro crisis. The bank’s latest approved monetary program states that the policies that have helped Argentina's economy boom over the last nine years will remain largely in place.

• Thursday, December 8th 2011 - 06:44 UTC

  Argentine central bank confirms pro-active policies and competitive Peso

  

  Argentine Central Bank Governor Mercedes Marcó del Pont assured on Wednesday that the flight of dollar deposits from the local financial system has slowed down and highlighted the fact that Government’s policy of regulated exchange rate has given “certainty” to savers and investors. She also forecasted 6% growth next year for the Argentine economy.

• 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.