Tag: Argentine Central Bank

• Friday, May 1st 2015 - 07:22 UTC

  Argentine central bank president contracts wife and son; blames lobbies for releasing the news

  

  Argentina's central bank president Alejandro Vanoli strongly defended the recent contracting of his wife and son in the bank, arguing they are 'well trained' for the jobs and blamed local speculative financial groups of being behind the news which was published in the Buenos Aires media.

• Wednesday, April 29th 2015 - 09:22 UTC

  Argentine central bank increases reserves to highest level since November 2013

  

  Argentina's central bank bought 630 million of dollars on the local currency market on Tuesday in one of its largest-ever purchases, a move that will bolster the country's precariously low hard currency reserves. Some 500 million of the dollars purchased were proceeds from last week's 1.5 billion auction of bonds by state energy company YPF.

• Wednesday, January 28th 2015 - 07:33 UTC

  Argentina's current import restrictions forecasted to continue during 2015

  

  A decrease in Argentina's trade surplus this year would make it difficult for the federal government to end the current restrictions on imports, which force companies to file an affidavit in order to obtain authorization, the Argentine Importers Chamber (CIRA) said this week, only days after the country’s 2014 trade data was revealed to be the worst since 2001.

• Monday, January 19th 2015 - 07:36 UTC

  Argentine central bank confirms policy restricting access to foreign currency

  

  Argentina will not end its controls restricting access to foreign currency in the near term, Central Bank President Alejandro Vanoli was quoted as saying in an interview published on Sunday in the government supported newspaper Pagina 12.

• Tuesday, January 6th 2015 - 07:02 UTC

  Argentine farmers netted 24.1 billion dollars from grains and oilseeds last year

  

  Argentine farmers exported more than 300 million dollars worth of grains and oilseeds in the last two days of 2014 to help bring in much needed cash for the nation’s central bank. The situation was boosted by an agreement reached between farmers and the Argentine government regarding foreign currency payment for the grains and oilseed.

• Wednesday, November 19th 2014 - 07:19 UTC

  Short of dollars, Argentina appeals to China's Yuan to boost reserves

  

  The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.

• Wednesday, November 12th 2014 - 07:00 UTC

  Argentina raids 71 banks and financial entities suspected of money laundering

  

  Argentina's AFIP tax revenue service on Tuesday carried out searches at 71 banks, currency exchanges and other financial entities suspected of money laundering, the government said. More than 250 agents took part in the operation, which involved institutions in this capital and in the provinces of Buenos Aires, Mendoza and Cordoba, AFIP said in a statement.

• Friday, October 3rd 2014 - 07:23 UTC

  Argentina: Vanoli meets Cristina Fernandez and begins working at the central bank

  

  In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met on Thursday President Cristina Fernandez and Economy Minister Axel Kicillof in Olivos.

• Thursday, October 2nd 2014 - 07:31 UTC

  Argentina's new central bank president: a blend of Keynes with strong government intervention

  

  Alejandro Vanoli, the designated new President of the Argentine Central Bank following Juan Carlos Fabrega’s resignation, is the current leader of the CNV securities regulator, in charge of that entity since 2009 after serving for three years as its deputy.

• Thursday, October 2nd 2014 - 07:15 UTC

  Climbing volatility of the US dollar in Argentina forces resignation of central bank president

  

  Argentine Central Bank President Juan Carlos Fabrega resigned Wednesday after an alleged disagreement with President Cristina Fernandez over how to keep a lid on the black market exchange rate ('blue' dollar) that hit a record 16 pesos per dollar last week.