Tag: blue dollar

• Wednesday, May 8th 2013 - 09:51 UTC

  Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

  

  The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas.

• Wednesday, May 8th 2013 - 02:44 UTC

  Dollar in Argentina breaks 10 Pesos barrier, despite Cristina Fernandez and her “I want to leave” minister

  

  The ‘blue’ or parallel dollar in Argentina beat a new record on Tuesday by breaking the 10 Pesos milestone and ending trading at 10.08 Pesos. The official rate meantime remained relatively stable and closed at 5.16 and 5.21 Pesos (buying and selling price).

• 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.”

• Saturday, May 4th 2013 - 04:18 UTC

  Dollar in Argentina ‘brushes’ 10 Pesos; urgent meeting of Cristina Fernandez economic cabinet

  

  For a third consecutive day the ‘blue’ dollar which trades in Argentina’s informal market established a new record and after having brushed 10 Pesos in earlier trading finally closed Friday at 9.84 (buying price) and 9.88 (selling price) Pesos.

• Monday, April 29th 2013 - 23:22 UTC

  US dollar in Argentina drops a few cents on Monday trading but remains volatile

  

  The ‘parallel’ or ‘blue’ dollar in Argentina which last week soared day after day to reach on Friday a record 9.30 Pesos, on Monday edged down four cents to 9.26 Pesos while the official ‘dollar’ remained stable at 5.13 and 5.19 Pesos (buying and selling).

• Monday, April 29th 2013 - 23:17 UTC

  Argentine government considering options to contain the ‘parallel’ dollar

  

  The Argentine government is considering different options to contain the current skyrocketing of the US dollar, but according to the financial media there are different positions in the cabinet of President Cristina Fernandez. One of those calls for direct interventions while the other adopts a more passive attitude saying the issue is speculative and ‘marginal’.

• Saturday, April 27th 2013 - 04:25 UTC

  Argentines fear major devaluation of the Peso and dollar sets new record at 9.34

  

  The US dollar in the ‘blue’ or parallel market kept climbing in Argentina ending a week of consecutive records reaching on Friday 9.30 and 9.34 Pesos (buying and selling price) 14 cents more than on Thursday. Since the beginning of the year the US dollar has climbed 36.97% while the official rate stands at 5.18 Pesos, with an increase of only 5.3%.

• Friday, April 26th 2013 - 01:36 UTC

  Argentines in ‘expectations panic’ paid a record 9.20 Pesos for the US dollar

  

  The US dollar in Argentina’s parallel or ‘blue’ market continued to soar on Thursday reaching a new record high of 9.16 and 9.20 Pesos buying and selling price which over twenty cents more than on Wednesday.

• Wednesday, April 24th 2013 - 22:50 UTC

  US dollar soars in Argentina and is just a few cents away of 9 Pesos in the parallel market

  

  The US dollar in Argentina’s ‘blue’ or parallel market skyrocketed on Wednesday to 8.91 and 8.94 Pesos, beating the previous record of 8.75 Pesos from March 20, previous to Holy Week. The official rate meantime remained relatively stable and closed trading at 5.13 and 5.18 Pesos, which means the gap between the two markets stands at 71%.

• 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”.