Tag: Argentine devaluation

• 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.

• Friday, May 1st 2015 - 06:44 UTC

  Leading Argentine economist says that we must admit “IMF is incorrigible”

  

  Economist Aldo Ferrer has said the International Monetary Fund (IMF) was “incorrigible”, questioning the report the multilateral credit organism released this week saying Argentina should devalue on its peso currency and carry out austerity policies to get back on the track of growth.

• Thursday, April 30th 2015 - 01:12 UTC

  IMF insists with gloomy forecasts for Argentina's economy this year and 2016

  

  The International Monetary Fund (IMF) has repeated its forecast of a 0.3% drop in Argentine GDP over the course of 2015, while recommending a devaluation of the Peso and austerity measures in order to stimulate growth in the economy.

• Sunday, March 15th 2015 - 02:33 UTC

  Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

  

  Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.

• Friday, March 6th 2015 - 07:22 UTC

  Argentina denies any devaluation to compensate for the plunge of Brazil's Real

  

  Despite Brazil's 'violent devaluation' of its currency, Argentina will not pursue the same path because the country needs “to give certainty” and “avoid instability” said Economy minister Axel Kicillof. This week the Real plunged to its lowest level in over a decade burdened by economic and political uncertainty

• Monday, November 24th 2014 - 06:37 UTC

  Argentine central bank discards 'any devaluation' of the Peso in 2015

  

  The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.

• Monday, October 20th 2014 - 07:08 UTC

  Argentine Central bank chief downplays any chance of devaluation of the Peso

  

  Argentina's newly-appointed Central Bank (BCRA) governor Alejandro Vanoli claimed a “devaluation attempt” by 'concentrated powers' and rejected any official plans to downward the value of the country’s currency. He pledged to discourage speculation and to “put an end to abuses from financial institutions.”

• Tuesday, May 7th 2013 - 05:49 UTC

  Cristina Fernandez pledges ‘no Peso devaluation’, but markets are not convinced

  

  In a clear signal to the markets, President Cristina Fernández de Kirchner strongly rejected on Monday a possible devaluation of the Argentine Peso and targeted sectors advocating for such a measure, as she warned that “those hoping to profit from it will have to wait for a different Government.”

• 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”.

• Saturday, August 11th 2012 - 11:26 UTC

  “Two tough years” ahead for Uruguayan construction and real estate

  

  The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.