Tag: Central Bank of Argentina

• Saturday, December 12th 2015 - 07:11 UTC

  Argentina's new administration package of economic measures next week

  

  Argentine finance minister Alfonso Prat-Gay announced on Friday that next week levies on farm (grains and oilseeds) exports will be lowered, the half year bonus of wage earners if below 30.000 Argentine Pesos will be exempt from income tax, and the policy of “looked-after prices” at supermarkets will continue.

• Tuesday, August 11th 2015 - 07:14 UTC

  Argentina will service 3.5bn dollars maturing next October with bank reserves

  

  Argentina confirmed it will be using Central Bank foreign-currency reserves to service more than US$3.5 billion dollars in international debt that matures in October. The confirmation came through an announcement in the Official Gazette, signed by President Cristina Fernández, Cabinet Chief Anibal Fernández and Economy Minister Axel Kicillof.

• Thursday, December 11th 2014 - 11:29 UTC

  Argentine argues before NY Appeals court the central bank is not an 'alter ego' of the administration

  

  Lawyers representing the Argentine government and the Central Bank have defended the country's stance on the debt conflict in a hearing with the New York Second Circuit Appeals Court, rejecting the notion that holdout investors could confiscate reserves or assets belonging to the financial entity.

• Monday, November 24th 2014 - 06:37 UTC

  Argentine central bank discards 'any devaluation' of the Peso in 2015

  

  The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.

• Tuesday, November 18th 2014 - 07:00 UTC

  Argentina imposes even tougher controls on foreign trade and currencies

  

  The Argentine government has strengthened its control over the expenditure and income of currency in foreign trade through the creation of the Tracking and Tracing of Foreign Trade Transactions Unit, responsible for monitoring “prices and quantities of exported and imported goods and services, as well as foreign currency income/expenditures.”

• Wednesday, August 27th 2014 - 06:33 UTC

  Argentina revokes BONY authorization to operate and act as trustee

  

  Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.

• Tuesday, January 28th 2014 - 05:05 UTC

  Argentine market cautious reaction to new rules on foreign exchange and dollar savings

  

  In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.

• Wednesday, December 4th 2013 - 02:50 UTC

  Argentine central bank admits 'serious loss of reserves', which stand at 30bn

  

  The newly appointed head of Argentina's Central bank Juan Carlos Fábrega admitted that in the last few months “loss of international reserves” has been serious, but “we are working to correct the situation”.

• Tuesday, December 3rd 2013 - 21:06 UTC

  Argentines will have to spend summer holidays at home; tourist dollar up 35%

  

  In an attempt to stop the drain of Argentina Central Bank international reserves, the government of President Cristina Fernandez has decided to take the 20% income tax advance to 35% for all credit and debit card purchases made abroad. The move will also involve the purchase of dollars for Argentines travelling abroad with the US currency climbing now to 8.322 pesos.

• Monday, December 2nd 2013 - 16:29 UTC

  Argentina concerned with 'US and UK national debt and monetary basis'

  

  Argentina's cabinet chief on Monday hit back at the United States reacting to comments from the White House on the Argentine central bank reserves saying he was worried about the US and UK debt levels, “the US debt reaches over 100% of GDP”.