Tag: Argentine peso

• Tuesday, April 25th 2023 - 19:46 UTC

  Argentine gov't losing grip: peso keeps plummeting

  

  By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.

• Friday, April 21st 2023 - 10:05 UTC

  Argentine peso keeps sinking against US dollar

  

  The Argentine peso kept sinking Thursday against the US dollar with the “blue” (a euphemism for “black market”) rate hitting AR$ 440 before closing at AR$ 437/AR$ 432 (buy/sale).

• Wednesday, March 22nd 2023 - 10:24 UTC

  Massa to announce new measures as Argentine peso sinks against US dollar

  

  With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

• Wednesday, January 18th 2023 - 09:32 UTC

  “Blue” dollar hits new highs against Argentine peso

  

  The most widely spread exchange rate between the Argentine peso and the US dollar -known as “blue” - went up AR$ 8 Tuesday hitting a new all-time high of AR$ 378 = US$ 1, it was reported in Buenos Aires.

• Wednesday, December 28th 2022 - 09:53 UTC

  Argentine peso keeps falling against unofficial US dollar

  

  The unofficial “blue” dollar traded for AR$ 355 Tuesday in Argentina, thus reaching a new record high. It was an AR$ $9 increase in one day, AR$ 30 in one week, and AR$ 41 so far in December.

• 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.