Tag: Argentine Central Bank

• Wednesday, May 8th 2013 - 09:23 UTC

  Argentines keep travelling overseas despite the ‘dollar clamp’ and the ‘Coca Cola formula’

  

  Despite the ‘dollar clamp’ and other obstacles to purchase the US currency in Argentina, the number of Argentines travelling abroad increased by 8% last March in comparison to the same period the year before although they spent 6.2% less than in 2012, it was reported by the National Statistics Bureau (INDEC).

• Thursday, April 4th 2013 - 07:59 UTC

  Argentina again this year will use reserves to comply with debt commitments

  

  Argentina will use 2.3 billion dollars of central bank reserves this year to meet payments to international financing organizations and on its official bilateral debt, according to the Official Gazette.

• Monday, April 1st 2013 - 10:15 UTC

  Argentine central bank says it has enough reserves to contain the run on the US dollar

  

  With insistent rumours of imminent measures to try and control the value of the US dollar in Argentina, Central Bank Governor Mercedes Marcó del Pont, stressed that the country has more than 40 billion dollars in reserves “to manage the foreign exchange market avoiding sharp changes”.

• Friday, March 15th 2013 - 06:54 UTC

  Argentina February Congressional inflation index more that double the official rate

  

  In contrast with the 0.5% inflation reported by the Argentine government’s controversial stats office, Indec, the index based on private estimates and released by opposition lawmakers climbed to 1.23% with an accumulated 25.27% in the last twelve months.

• Wednesday, November 21st 2012 - 21:18 UTC

  Another Argentine province confirms ‘pesification’ of dollar-denominated bonds

  

  Another Argentine province, Formosa announced that it would be repaying in Pesos its dollar-denominated bonds (FORM3) issued under local law, at an exchange rate of 4.81 Pesos per dollar.

• Thursday, October 11th 2012 - 04:45 UTC

  Argentine central bank confirms no restrictions for governments to purchase dollars

  

  The Argentine central bank confirmed on Wednesday that there is no money exchange restrictions for the federal government or provinces to purchase US dollars to honour public debt issued offshore.

• Wednesday, October 10th 2012 - 08:13 UTC

  Foreign exchange clamp forces Argentine province to pay dollar bonds in pesos

  

  The foreign exchange clamp in Argentina is reaching the provinces, one of which at least was unable to honor maturing bonds in dollars and made the payment in Argentine Pesos.

• Friday, September 28th 2012 - 06:12 UTC

  Argentina will adopt tough measures to guard nine years of economic achievements

  

  Argentina has “stronger financial support than other countries” and will adopt tough policies to guard the nine years of economic achievements, said Economy Deputy Finance Minister Axel Kicillof addressing the Lower House Budget and Finance Committee to discuss the main guidelines for next year’s budget.

• Friday, September 21st 2012 - 06:20 UTC

  Argentina issues 2 Pesos coin to commemorate 30th anniversary of the Malvinas landing

  

  The Argentine Central bank has issued a new 100 Pesos bill to honour the figure of Eva Duarte de Perón, and a 2 Pesos coin commemorating the thirtieth anniversary of the landing of Argentine troops in the Malvinas Islands.

• Monday, September 10th 2012 - 05:26 UTC

  Argentine budget numbers ever so red in the seven months of 2012

  

  The Argentine financial deficit soared to 13.5 billion Pesos in the first seven months of the year and could have reached 25.9bn Pesos had it not been for extraordinary resources from Social Security funds and the Central bank, according to the numbers published in the last release from the Central Bank.