Tag: black market

• 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.

• Saturday, October 24th 2020 - 08:55 UTC

  Argentine bondholders claim government economic policies undermine investor confidence

  

  Argentine bondholder groups slammed the government over economic policies they said were undermining investor confidence in the country, which emerged from a sovereign default in September after a US$ 65 billion restructuring.

• Tuesday, September 3rd 2019 - 09:54 UTC

  Argentine bonds fall to record lows; long queues to withdraw dollar funds

  

  Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.

• Tuesday, January 29th 2019 - 09:03 UTC

  Venezuela approves a new, privately run, foreign exchange system; dollar sells at 3.200 Bolivars, 34% dearer

  

  Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will operate in parallel to the official currency control system, as an emboldened opposition challenges President de facto Nicolás Maduro.

• Friday, November 9th 2018 - 18:40 UTC

  “Bolivianisation” of economy brings “shortage” of foreign currency - big business for black market

  

  Evo Morales' government pushing to expand the “bolivianisation” of the country's economy has resulted in a “shortage” of foreign currency - particularly of US dollars - and to a subsequent growth of the exchange black market, it as repirted.