Tag: Argentina dollar

• Tuesday, September 3rd 2019 - 09:54 UTC

  Argentine bonds fall to record lows; long queues to withdraw dollar funds

  

  Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.

• Saturday, August 17th 2019 - 08:53 UTC

  Fitch downgrades Argentina's long term debt, fearing the risk of default

  

  Argentina's Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country's long-term debt by two notches, citing increased uncertainty and a rising risk of default.

• Thursday, May 24th 2018 - 08:44 UTC

  Dollar/Peso challenge: Argentina offers to swap one-month Lebacs for long term papers

  

  Argentina’s central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement.

• Thursday, March 8th 2018 - 09:35 UTC

  Argentine central bank anticipates volatility in the money exchange market

  

  Argentines will have to get used to the volatility of the money exchange rate, advised Central Bank president Federico Sturzenegger on Wednesday when the US dollar (a sacred reference for Argentines) reached a new historic high above the 20 Pesos. (Actually 20,69 for retail sales and 20,69 for wholesale operations at the end of trading).