Tag: Central Bank of Argentina

• Monday, October 31st 2011 - 19:27 UTC

  Argentina drastically limits the purchase of ‘cheap dollars’ fuelled by inflation

  

  Argentine Vice-president elect and Economy Minister Amado Boudou reiterated Monday that the new rules for foreign currency purchase in effect as of today are aimed towards discovering the “origin” of funds as opposed to the “destination” of the money.

• Wednesday, September 21st 2011 - 06:14 UTC

  Argentina to pay sovereign debts in 2012 with 5.7bn from the Central bank

  

  The Argentine government plans to trim its dependence on central bank reserves to pay debt next year after tapping savings to slow depreciation of the Peso, according to its draft 2012 budget.

• Thursday, September 8th 2011 - 05:43 UTC

  Argentine prepared to let the Peso and central bank reserves slide

  

  Argentina's international reserves have been declining for weeks as the central bank tries to stem the peso's slide against the US dollar, but policymakers have signaled that they intend to keep dipping into reserves to prevent an even swifter depreciation.

• Saturday, May 21st 2011 - 09:19 UTC

  Argentina April industrial production grows 8% over a year ago

  

  Argentina's industrial production rose a seasonally adjusted 8% on the year in April, led by an expansion in automobile, metals and chemical output. Manufacturing increased 0.5% in seasonally adjusted terms from March, the national statistics agency, Indec, reported Friday.

• Tuesday, April 19th 2011 - 02:09 UTC

  Argentina’s economic activity indicator jumped 8.7% in February

  

  Argentina's February monthly economic activity indicator, or EMAE, jumped 8.7% on the year and was up 0.4% on the month, the national statistics agency Indec reported Monday. The EMAE comprises most components of gross domestic product.