Tag: Argentine Central Bank

• 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.

• Saturday, September 8th 2012 - 05:20 UTC

  Argentina limits dollar trading for arriving tourists in ports and airports

  

  The Argentine government is further tightening the US dollar clamp. On Thursday the Central bank announced that state-run banks and agencies will be the only ones officially allowed to operate foreign currency exchange offices in airports and ports.

• Thursday, July 5th 2012 - 07:51 UTC

  Argentina’s top 20 banks will have to lend for investment, says CFK

  

  In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”

• Friday, May 25th 2012 - 06:56 UTC

  Argentina extends dollar purchase control to residents travelling abroad

  

  Argentina announced on Thursday the use of a new computer tool to gather information from buyers of holiday packages from travel agencies, in another attempt to control savers thirst for greenbacks after the government's crackdown on access to dollars.

• Sunday, April 1st 2012 - 08:28 UTC

  Rootyling for cash, the central bank has become Argentina’s Piggy bank

  

  The Economist argues that with the latest legislation, the Argentine central bank has lost its legal independence and become the piggy bank of President Cristina Fernandez government.

• Monday, March 26th 2012 - 08:59 UTC

  Printing money does not lead to inflation, argues Argentine central bank president

  

  The president of Argentina’s Central Bank (BCRA), Mercedes Marcó del Pont, stressed the importance of the recently approved bank’s charter reform and denied that printing currency leads to the creation of an inflationary state “since inflation is rooted in other causes”.

• Wednesday, January 18th 2012 - 03:13 UTC

  Argentine defaulted bonds dispute reaches the US Supreme Court

  

  The US Supreme Court has asked President Barack Obama's administration for its views of a ruling that unfroze 105 million dollars of Argentina's central bank deposits in a setback for two US investment funds that sought to seize the money to satisfy their claims from Argentina’s debt default a decade ago.

• Tuesday, November 15th 2011 - 06:50 UTC

  Argentine forex market volatility calming but fears remain as to next steps

  

  Argentina's central bank cut dollar reserve requirements after bank deposits plunged 645 million dollars last week following the government's moves to restrict foreign exchange purchases in an attempt to reduce capital flight.