Tag: BCRA

• Monday, October 20th 2025 - 21:45 UTC

  Argentina and US finalize currency swap deal

  

  The United States and Argentina formalized a US$20 billion currency swap agreement just days before Argentina's national legislative elections next Sunday.

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• Monday, January 13th 2025 - 06:44 UTC

  IMF warns Milei about increasing poverty amid exchange rate controls

  

  Despite approving Argentine President Javier Milei's management in a broad way, the International Monetary Fund suggested the South American country should pay more attention to exchange rate arrears and the increasing poverty.

• Friday, November 1st 2024 - 21:14 UTC

  Argentina's Central Bank lowers basic interest rate

  

  Given the significant fall in Argentina's inflation rate, the Central Bank (BCRA) announced Friday that it was lowering the basic interest rate from 40% to 35% in a move to “boost private credit.”

• Monday, August 19th 2024 - 23:07 UTC

  New shipment of Argentine gold abroad reported

  

  A video of an armored truck carrying some 1500 gold bars from Argentina's Central Bank (BCRA) to the Ezeiza International Airport went viral Monday as the third such shipment -worth around US$ 250 million- was presumed to have left for London, it was reported in Buenos Aires. No special security was seen around the vehicle on the highway leading to the air terminal.

• Friday, July 19th 2024 - 20:46 UTC

  Caputo confirms Argentina shipped gold abroad

  

  Argentina's Economy Minister Luis Toto Caputo confirmed rumors from opposition lawmakers and union leaders indicating that the Central Bank (BCRA) was transferring gold from the country's coffers to foreign destinations. He explained that the move sought to generate a return on an otherwise unproductive metal.

• Thursday, May 2nd 2024 - 19:39 UTC

  Argentina's BCRA again lowers basic interest rates in less than one week

  

  Argentina's Central Bank (BCRA) once again lowered the benchmark interest rate from 60% to 50%. It was the fifth cutdown since the Libertarian administration of President Javier Milei took office in December last year. Thus, yields from fixed-term deposits will fall monthly from the current 5% per month to 4.2% for an annual effective rate of 64.8%.

• Friday, April 26th 2024 - 20:06 UTC

  Argentina's Central Bank lowers basic interest rates

  

  Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood at 133%. “BCRA announces that as of 04-25-2024, the rate for 1-business-day maturity passive operations will be 60%,” it said in a statement. It was also the second 10-point cut in April alone.

• Tuesday, October 22nd 2019 - 09:50 UTC

  Argentine central bank has lost some US$ 19.500 million in reserves since 11 August 

  

  Argentine central bank international reserves stand at US$ 46.885 million following on Monday's rescue of different maturing bonds and support in the local market to help stabilize the price of the US dollar. This demanded some US$ 600 million.

• Friday, September 13th 2019 - 12:49 UTC

  Argentine central bank announces further currency controls

  

  Argentina's central bank this week announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third-largest economy.

• Saturday, June 8th 2019 - 09:53 UTC

  Brazil central bank denies plans for a monetary union with Argentina

  

  Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.