Representatives of the Ministry of Economy and the Central Bank of Argentina They travel to Washington this Saturday to continue the negotiations opened since last year with the International Monetary Fund (IMF) to refinance multi-million dollar debts with that agency. IMF sources consulted by Efe confirmed this Saturday that the agency’s team led by the […]
Tag: argentina
Argentines withdraw savings in dollars for fear of restrictions
Updated on 04/12/2021 01:30 am Argentines are withdrawing dollars from bank accounts at the fastest pace in 14 months amid speculation that the government will make it difficult for savers to access their deposits. Individuals and companies withdrew almost US $ 400 million from the financial system in the first two days of the week, […]
Argentina offers weak currency to attract ‘digital nomads’
Buenos Aires has a unique offer for potential remote workers: bring your foreign currency and get more than your money would buy elsewhere, much more. A city campaign to attract people who are paid in dollars, pounds and other currencies for extended stays announces that Argentina has “the most competitive exchange rate in the region” […]
Eight countries aspire to have regional UNWTO offices, including Brazil and Argentina
Eight countries, five of them African (Cape Verde, Ghana, Kenya, Morocco and South Africa) and three Latin American (Brazil, Argentina and the Dominican Republic) aspire to have a regional office of the World Tourism Organization (UNWTO), an issue that is going away to be addressed at the XXIV General Assembly that begins this Wednesday in […]
Russia and Argentina sign contract for lithium extraction in Salar Tolillar
Updated on 11/29/2021 01:30 pm The Russian company Uranium One, belonging to the state nuclear corporation Rosatom, and the Argentine Alpha Lithium signed an agreement for the joint exploitation of the Salar Tolillar deposit, located in the Puna of Salta, in northern Argentina. “Lithium is a necessary material to guarantee the supply of the future […]
Argentina limits travel abroad due to shortage of dollars and collapse of Central Bank reserves
The Central Bank of Argentina restricted as of this Friday the financing of the purchase of air tickets to other countries and tourist services abroad through credit cards, a measure that is added to others aimed at avoiding a further fall in monetary reserves and that it has been repudiated by travel agencies and airlines. […]
Hit by electoral defeat, Argentine government must dialogue with opposition to overcome crisis
The center-left Peronist coalition that governs Argentina was on the verge of a political crisis after the electoral slap it suffered on Sunday, which will force it to seek consensus with the opposition to leave behind a prolonged economic crisis. The victory of the opposition coalition Together for Change in the midterm elections took control […]
Argentine markets nervous due to electoral hangover
Investors in Argentina see a silver lining, as the defeat of the ruling Peronists in a legislative vote could spark a shift toward more orthodox economic policies, but there are also concerns that a bruised government could adopt an even more populist stance. The conservative opposition won a key position in Congress nationwide on Sunday, […]
Peronism and opposition fight for control of Congress in Argentina’s midterm elections
The center-left Peronism will try to reverse in Sunday’s legislative elections the crushing defeat it suffered in the primaries to maintain its hegemony in the Parliament of Argentina, in the middle of a serious economic crisis. The vote, which began at 8 a.m. local time (1100 GMT), is key for the future of President Alberto […]
Argentine economic situation will weigh on election results
Argentines will cast their vote next Sunday in a midterm election where the ruling coalition could lose power in Congress to a revitalized opposition, and amid high inflation and mounting economic problems. Voters will elect half the seats in the Lower House and one third in the Senate, in an election that will act as […]