MercoPress, en Español

Montevideo, July 22nd 2019 - 23:19 UTC

Tag: Argentine Bond for Saving and Economic Development

  • Thursday, May 9th 2013 - 05:13 UTC

    Do you trust this Lady to look after your dollar savings?

    President Cristina Fernandez needs to recover Central bank reserves

    The administration of President Cristina Fernandez sent on Wednesday to congress the tax amnesty bill to tap undeclared dollar assets, in the country and overseas, generating a cascade of critical reactions from well known economists while the ‘blue dollar’ in the parallel market seemed to ignore the announcements and kept climbing to a new record high.

  • Thursday, May 9th 2013 - 05:05 UTC

    Argentine official pledges to look into ‘blue’ dollar market and admits problems in real estate sector

    Nevertheless Kicillof said the government will continue with ‘heterodox and creative’ measures

    Argentina Deputy Economy minister Axel Kicillof pledged “to look into” the growing parallel market for the US dollar because it is harming many innocent people who have nothing to do with speculation and claimed that ‘certain economists’ and media are encouraging speculation with the greenback.

  • Thursday, May 9th 2013 - 04:56 UTC

    Argentina: Dollar kept climbing on Wednesday and reached 10.45 Pesos

    Argentines distrust their currency but love ‘Uncle Sam’

    Despite the tax amnesty bill and investment options pledged by the government of President Cristina Fernandez, the dollar kept climbing in Argentina. After breaking the key psychological barrier of 10 Pesos to the dollar on Tuesday, the “blue” dollar which trades on the parallel market climbed again on Wednesday another 37 cents to reach 10.45 Argentine Pesos.

  • Wednesday, May 8th 2013 - 09:51 UTC

    Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

    According to the tax bureau agency head Echegaray, Argentines have 160bn dollars in undeclared assets

    The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas.