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MercoPress, en Español

Montevideo, September 21st 2024 - 11:18 UTC

Tag: Central Bank of Argentina

  • Tuesday, July 2nd 2024 - 10:50 UTC

    All red numbers as Argentina enters “Phase 2” of its economic plan

    Caputo said the peso would become a strong currency, distancing the government from campaign promises announcing a dollarization

    Local and international markets alike did not react well Monday after Argentine Economy Minister Luis 'Toto' Caputo and Central Bank (BCRA) CEO Santiago Bausili tried to explain the Libertarian administration's next steps to stabilize the economy of South America's second-largest country.

  • Tuesday, May 7th 2024 - 14:52 UTC

    Argentina introduces 10,000 peso banknotes amid soaring inflation

    Argentina suffers from high inflation – 287.9 % annualized last March – which requires the use of higher denomination banknotes to reduce logistic costs and facilitate transactions. “

    Argentina has introduced a new denomination of banknotes, the 10,000 peso bill (equivalent to about 10 U.S. dollars), in response to the country's ongoing struggle with high inflation. The Central Bank of Argentina (BCRA) announced that these new banknotes will gradually enter circulation starting this Tuesday and be available at bank branches and ATMs nationwide.

  • Tuesday, March 12th 2024 - 10:26 UTC

    Argentina's Central Bank lowers interest rate

    These initiatives are aimed at increasing liquidity and controlling inflation

    Argentina's Central Bank Monday lowered the annual interest rate from 110% to 80% “to strengthen the national economy and improve liquidity in the financial market,” it was reported in Buenos Aires. In addition, it was left up to each bank to decide on the minimum rate for fixed-term deposits.

  • Wednesday, March 6th 2024 - 10:55 UTC

    Argentina: Milei pledges to lower taxes soon

    Milei also pointed out that State expenditures were cut down 30% in January and another 36% last month

    Argentine President Javier Milei said Tuesday at the Expoagro 2024 rural event in the city of San Nicolás in the province of Buenos Aires that “by improving the fiscal numbers, the door would be opened for us to start lowering taxes.”

  • Thursday, February 1st 2024 - 10:01 UTC

    Argentine Central Bank reserves stronger after FMI disbursement

    The latest deal between Argentina and the IMF unblocked a new tranche of disbursements

    After the International Monetary Fund (IMF) Board approved the staff-level agreement with Argentina's current administration, the Government of President Javier Milei received a US$ 4.7 billion disbursement which bolstered the Central Bank (BCRA) reserves to US$ 27.635 billion, it was reported Wednesday in Buenos Aires. The latest deal between Argentina and the IMF unblocked a new series of disbursements.

  • Saturday, January 13th 2024 - 11:20 UTC

    Argentina to issue larger-denomination banknotes

    Alberdi's liberal views also make him a mirror for President Javier Milei

    Argentina's Central Bank (BCRA) announced this week that would start printing AR$10,000 and AR$20,000 bills (a little under US$ 10 and 20 respectively) to meet the demand for higher-denomination banknotes, it was reported in Buenos Aires. “The issuance of these denominations will facilitate transactions among users,” the BCRA argued in a statement.

  • Tuesday, December 26th 2023 - 10:44 UTC

    Argentina's BCRA planning larger-denomination bills

    Large wads of AR$ 1,000 bills are commonplace in today's Argentina

    Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

  • Thursday, December 7th 2023 - 10:59 UTC

    Milei reaches out to Elon Musk and confirms Central Bank head

    Milei replied to Musk's posting by saying: “We need to talk, Elon.”

    Argentina's President-elect Javier Milei said Wednesday that he spoke “extensively” on the telephone with tycoon Elon Musk, who shall not be attending the Dec. 10 inauguration in Buenos Aires.

  • Wednesday, November 8th 2023 - 10:55 UTC

    Argentina makes payment to IMF in yuan

    The disbursement has weakened the Central Bank’s reserves to levels unseen since 2006

    Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.

  • Wednesday, October 4th 2023 - 09:55 UTC

    Argentina: “Blue” dollar hits new all-time high

    The BCRA sold reserves Tuesday after 35 straight days of purchases

    The “blue” (a euphemism for “black market”) dollar rose AR$ 10 Tuesday and sold for AR$ 810, thus setting a new record, it was reported from Buenos Aires.

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