Tag: Central Bank of Argentina

• Tuesday, May 10th 2022 - 10:45 UTC

  More inflation in the pipeline for Argentina: estimates of 65,1% for 2022

  

  The weekly survey of market expectations, REM, from the Central Bank anticipates a worsening of the inflation situation in Argentina, which once the April index is officially made public this week could represent 65% for the twelve months of 2022.

• Thursday, April 14th 2022 - 09:52 UTC

  Argentina's Central Bank raises reference rate to cope with inflation

  

  Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.

• Tuesday, January 18th 2022 - 09:59 UTC

  Argentine FM in Washington DC seeking support for new IMF deal

  

  Argentine Foreign Minister Santiago Cafiero is on a diplomatic mission to Washington DC where he is to hold meetings with US Secretary of State Anthony Blinken and with House Speaker Nancy Pelosi in a move aimed at gathering some support ahead of new negotiations with the International Monetary Fund (IMF).

• Tuesday, January 4th 2022 - 17:57 UTC

  Foreign trade yield US $ 15 billion to Argentina's Central Bank in 2021

  

  Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.

• Saturday, November 27th 2021 - 09:45 UTC

  No installments in Argentine pesos for purchases in foreign currency

  

  Argentina's Central Bank (BCRA) Thursday ruled that international travel tickets and other tourism items purchased through credit cards and whose values are expressed in US dollars or any other foreign currency but converted to Argentine pesos on the date of the operation cannot be split into monthly payments.

• Monday, November 22nd 2021 - 09:58 UTC

  Fears of devaluation loom over Argentina as Central Bank reserves run almost dry

  

  Argentine Economy Minister desperately needs to reach an agreement with the International Monetary Fund (IMF) this week, because the Central Bank (BCRA) has only US $ 800 million left in cash with which to intervene in the local exchange market, which is pressing for a devaluation.

• Friday, November 5th 2021 - 09:29 UTC

  Argentine Central Bank takes action to keep exchange rate under control

  

  Argentina's Central Bank (BCRA) Thursday ordered banking institutions nationwide not to increase their holdings in foreign currency until the end of the month, amid a market pressure on the exchange rate.

• Friday, October 29th 2021 - 09:00 UTC

  Argentine Central Bank wants tourists to exchange money through formal channels

  

  As borders are about to reopen and tourists are expected to pour in, Argentine authorities have devised a mechanism whereby foreigners may exchange currency (US dollars) at a rate closer to the unofficial (“blue”) one.

• Saturday, October 16th 2021 - 09:15 UTC

  Argentina has become a Chinese Yuan testing ground in trade and investment

  

  Following several currency swaps by which China has helped to support the Argentine central bank depleted international reserves, the administration of president Alberto Fernandez intensified relations with Beijing and a year ago allowed transactions between the two countries to be made in Yuan.

• Wednesday, April 14th 2021 - 09:42 UTC

  Argentine Vice-President and aides acquitted in Central Bank “future dollar” case

  

  Argentina's top penal court of appeals Tuesday acquitted former President Cristina Fernández de Kirchner (2008-2015) and her aide Axel Kiciloff of all charges in the so-called future dollar case, because there had been no damage to the State, and that economic policy issues are not subject to prosecution.