Tag: Argentine Central Bank

• Wednesday, April 13th 2016 - 06:07 UTC

  Cristina Fernandez to testify on dollar/futures; supporters camping outside the courthouse in Buenos Aires

  

  Hundreds of supporters are expected to cheer former Argentine President Cristina Fernandez during a court appearance on Wednesday after returning to Buenos Aires for the first time since November's election.Fernandez who governed Argentina for eight years, has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank. Her allies say no crime was involved and that she's being politically persecuted.

• Friday, December 18th 2015 - 09:14 UTC

  Argentine minister 'satisfied' with the market response on first day without the dollar clamp

  

  Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.

• Thursday, December 10th 2015 - 08:22 UTC

  Macri's candidate will head the Central bank from the first day; Vanoli resigns

  

  Argentina Central Bank President Alejandro Vanoli resigned Wednesday under pressure from President-elect Mauricio Macri, who plans to remove currency controls with reserves standing at a nine-year low.

• Monday, December 7th 2015 - 08:44 UTC

  Argentina talks to US Treasury Secretary; lifting dollar clamp depends on level of reserves

  

  Argentina's incoming Finance minister Alfonso Prat-Gay spoke with the United States Treasury Secretary Jack Lew to discuss economic plans to achieve sustained economic growth. The minister also announced in a long interview with Buenos Aires main dailies that lifting the dollar 'clamp' as promised by president-elect Mauricio Macri, will much depend on the level of international reserves Argentina can count with.

• Friday, November 27th 2015 - 07:55 UTC

  Brazilian banks follow closely events in Argentina: Dollar at 12 Pesos

  

  Brazilian banks which follow closely events in Argentina and prospects of the new government under president Mauricio Macri, believe the official exchange rate of 9.67 Pesos to the dollar will inevitably have to be devalued, to 12 Pesos by the end of the year, which means a 24% depreciation.

• Thursday, October 29th 2015 - 06:39 UTC

  Argentina's dollar clamp intensifies following on Sunday's election results

  

  Argentina on Tuesday halved the daily amount of dollars companies can transfer abroad without authorization, currency traders said, while the country's insurance regulator put new limits on the amount of hard currency assets insurers can hold.

• Thursday, September 3rd 2015 - 07:44 UTC

  Argentina's central bank and foreign private banks clash over removal of HSBC directors

  

  Argentina's Central Bank and the Argentine Banking Association (ABA) exchanged fierce criticism on Wednesday after the decision of the monetary authority to remove the licenses of two senior HSBC directors, who will be forced to leave their posts.

• Wednesday, September 2nd 2015 - 06:39 UTC

  Argentina revokes license of HSBC president for not preventing tax evasion

  

  Argentina's Central Bank (BCRA) has revoked the license of Gabriel Martino as president of the HSBC, forcing him to step down from his post. The entity commanded by Alejandro Vanoli considered Martino responsible for failing to establish “necessary” control mechanisms to prevent clients from evading taxes and moving capital abroad.

• Tuesday, September 1st 2015 - 06:59 UTC

  US Appeals Court backs Argentina: sovereign immunity for Central bank funds

  

  A US appeals court supported Argentina's appeal Monday against an earlier ruling that could have permitted a group of creditors to seize assets of Argentina's central bank.

• Thursday, July 30th 2015 - 09:16 UTC

  Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

  

  Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.