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MercoPress, en Español

Montevideo, January 21st 2025 - 08:36 UTC

Tag: Luis Toto Caputo

  • Friday, January 17th 2025 - 09:15 UTC

    Argentina accepting other currencies besides pesos

    The measure is however optional; pesos remain the legal tender

    Effective Friday, Argentines will be allowed to fill out price tags in the currency of their choice (most likely US dollars), the Central Bank (BCRA) announced Thursday, in what has been regarded as a first step towards the dollarization of the economy, one of President Javier Milei's electoral promises.

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  • Saturday, December 21st 2024 - 10:56 UTC

    Boric chooses brotherly approach after derogatory remarks from Argentine gov't

    “I prefer to speak positively,” Boric insisted

    After heavy criticism from the Argentine government of Javier Milei, Chilean President Gabriel Boric Font sought to calm down the diplomatic waters because heads of State “come and go but the people remain.” Boric also insisted that Argentina was “a brotherly” country.

  • Thursday, December 19th 2024 - 10:53 UTC

    Chile angry over “inaccurate” words from Argentine Economy Minister

    Chile neglected the cultural battle and is now ruled by a Communist who is about to sink the country, Caputo argued

    The Chilean Government of President Gabriel Boric Font sent a protest note through diplomatic channels to Argentina after Economy Minister Luis Toto Caputo dubbed the leftwing leader a “Communist” who was sinking his country. Santiago said Caputo made “inappropriate and inaccurate statements” during a radio interview with a Buenos Aires broadcaster.

  • Thursday, November 21st 2024 - 09:44 UTC

    Argentina gets IDB and WB loans

    These announcements are linked to Economy Minister Luis Toto Caputo's participation last month in Washington at the WB annual meeting, it was reported

    Argentina's Libertarian Government has been granted loans from the World Bank (WB) and the Inter-American Development Bank (IDB) worth around US$ 4 billion, the Economy Ministry in Buenos Aires announced Wednesday. “The IDB and the World Bank approve financing for more than 4 billion dollars for projects in our country,” the ministry said in a statement.

  • Wednesday, November 13th 2024 - 10:46 UTC

    Indec says Argentina's inflation in October stood at 2.7%

    Inflation is a battle won, Caputo stressed

    Argentina's National Institute of Statistics and Census (Indec) Tuesday announced that the Consumer Price Index (CPI) went up 2.7% in October, which represented a significant slowdown from previous months despite an interannual 193% increase and 107% in 2024 alone. October's inflation was the lowest figure in almost three years. In November 2021, it stood at 2.5%. September's inflation was 3.5%.

  • Friday, October 11th 2024 - 09:30 UTC

    Argentine inflation stands at 3.5% in September

    Thursday's figures represented a slowdown from August's 4.2%, the Indec said

    Argentina's National Institute of Statistics and Census (Indec) announced Thursday that September's Consumer Price Index (CPI)stood at 3.5% for a yoy total of 209%. So far in 2024, inflation reached 101.6%, with housing, utilities, and fuels accounting for the largest increases. Thursday's figures represented a slowdown from August's 4.2%. The Core CPI, which records inflation excluding seasonal and regulated prices, stood at 3.3%.

  • Wednesday, September 11th 2024 - 23:02 UTC

    Argentina: Indec says inflation in August reached 4.2%

    Minister Caputo's projections that the CPI would stand below 4% were not met

    Argentina's Consumer Price Index (CPI) for the month of August went up 4.2%, the National Institute of Statistics and Census (Indec) announced Wednesday. The new figure represented a setback from July's 4% and a 236.7% interannual increase. So far in 2024, inflation reached 94.8%.

  • Monday, August 19th 2024 - 23:07 UTC

    New shipment of Argentine gold abroad reported

    It was the third such shipment under President Milei

    A video of an armored truck carrying some 1500 gold bars from Argentina's Central Bank (BCRA) to the Ezeiza International Airport went viral Monday as the third such shipment -worth around US$ 250 million- was presumed to have left for London, it was reported in Buenos Aires. No special security was seen around the vehicle on the highway leading to the air terminal.

  • Thursday, July 25th 2024 - 19:50 UTC

    Argentine Economy Minister meets with IMF Chief in Rio

    Caputo was full of praise for Georgieva as he almost desperately needs fresh IMF funding

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”

  • Friday, July 19th 2024 - 20:46 UTC

    Caputo confirms Argentina shipped gold abroad

    The Economy Minister exulted in telling savers that they would end up selling their US dollars to pay taxes and make the peso a strong currency

    Argentina's Economy Minister Luis Toto Caputo confirmed rumors from opposition lawmakers and union leaders indicating that the Central Bank (BCRA) was transferring gold from the country's coffers to foreign destinations. He explained that the move sought to generate a return on an otherwise unproductive metal.

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