Tag: Argentine peso

• Friday, August 5th 2022 - 09:07 UTC

  International reports cast doubts on Argentine peso's exchange rate

  

  Despite Superminister Sergio Massa's announcement that he would not moot for a devaluation of the Argentine peso, banking entities have issued separate reports raising doubts as to the newly-appointed official's strategy, with the spotlight on the exchange rate issue.

• Wednesday, July 20th 2022 - 10:45 UTC

  Argentina: unofficial dollar crosses psychological AR$ 300 barrier

  

  The unofficial exchange rate between the local peso and the US dollar most commonly used by Argentines, also referred to as “blue,” Tuesday crossed the iconic AR$ 300, reaching an all-time high.

• Monday, April 25th 2022 - 20:55 UTC

  Milei gets 12,000 people to attend class on inflation in Mendoza

  

  Argentine Libertarian Deputy Javier Milei Sunday insisted on dollarizing the country's economy during a rally in Mendoza where he also vowed that such would be his first step if elected President in 2023.

• Thursday, February 10th 2022 - 21:27 UTC

  St Valentine's Day rise in bread to hit beleaguered Argentine families

  

  The price of bread in Argentina is to rise between 20% and 25% as of next Monday, Feb. 14 in a very special St Valentine's Day gift both to consumers and to a Government that is struggling to curb inflation and keep the exchange rate of the local peso against the US dollar from skyrocketing.

• Wednesday, January 5th 2022 - 10:17 UTC

  In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents

  

  Some three decades ago the new Argentine democratically elected government takes office determined to put an end to endemic inflation when not hyperinflation. The new scheme was convertibility, making the Peso equivalent to one US dollar. Following strictly to the book, this meant a tight rein on spending and selling government companies that only accumulated deficits.

• Thursday, December 30th 2021 - 09:58 UTC

  Argentine peso drops yet again versus informal US dollar

  

  The unofficial exchange rate between the Argentine peso and the US dollar climbed just one more notch Wednesday, thus reaching an unprecedented high of AR $ 205 (buy) and AR $ 209 (sale) / US $ 1.

• Wednesday, December 22nd 2021 - 11:36 UTC

  Argentine peso needs devaluing, Goldman Sachs report says

  

  A macroeconomic report from Wall Street operators Goldman Sachs released Tuesday has warned that “without fiscal or monetary anchors” the country is up for strong “headwinds” in 2022 and 2023 and, therefore, “the peso needs to be devalued.”

• Tuesday, December 8th 2020 - 08:44 UTC

  Proposal to have Maradona and his “Hand of God” goal on the 1,000 Peso bill

  

  An Argentine senator wants to put Diego Maradona on the country’s banknotes and presented a project to Congress on Monday to get the late soccer star and possibly even his ‘Hand of God’ image on a 1,000-peso note.

• Saturday, October 24th 2020 - 09:25 UTC

  Argentina loves the dollar and has total aversion for its own currency

  

  Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.

• Monday, September 28th 2020 - 09:31 UTC

  It’s time to dump Argentina’s Peso

  

  By Steve H. Hanke – In addition to facing an acute Covid-19 crisis, Argentina's deadbeat economy is collapsing, and, as usual, the inflation noose is around Argentines’ necks. Argentina’s official inflation rate for August 2020 is 40.70% per year. And, for once, Argentina’s official rate is fairly close to the rate that I calculate each day using high-frequency data and purchasing power parity theory, a methodology that has long proved its worth when compared with official statistics. Today, I measure Argentina’s annual inflation rate at 37%, but probably not for long — the noose is generally followed by the trapdoor.