Updated on 10/29/2021 02:03 pm Alejandro Werner, former head of the Western Hemisphere Department of the International Monetary Fund (IMF), affirmed that Argentina “is not going to pay” the Fund and that any agreement between the two will be a “temporary patch” that will only delay a bank run in that country . “Argentina is […]
Tag: argentina
Former President Macri denounces political persecution due to failed judicial summons in campaign
With just over two weeks remaining for Argentina to hold legislative elections, former President Mauricio Macri (2015-2019) denounced that he is the victim of political persecution when he went to testify, for the first time after leaving power, accused of ordering illegal espionage during his mandate, in a hearing that ended up being suspended due […]
Peronist Fernández blames inflation in Argentina on “rogue speculation”
The president of Argentina, the peronist Alberto Fernandez, affirmed that the high inflation that the country registers is not related to monetary policy problems but rather to the “speculation of rogue businessmen”, particularly in the sector of food. “I am concerned about inflation as much or more than you,” Fernández said in a massive event […]
US companies in Argentina question price freeze
Updated on 10/25/2021 07:30 pm US capital companies operating in Argentina questioned the recent decision of the Peronist government to Alberto Fernandez to go back to October 1 and freeze the prices of food and other mass consumption products for three months. The Chamber of Commerce of the USA in Argentina (AmCham) expressed in a […]
Argentines seek dollars before more bets on a devaluation
Argentine investors are becoming increasingly pessimistic about the peso, betting that the government will inevitably be forced to accelerate the devaluation after the November elections. The growing demand for foreign exchange meant that dollars now cost 196 pesos in the parallel market used to evade exchange controls, almost double the official rate. It is the […]
The dollar in the informal market of Argentina reaches a new maximum in the year
The price of the dollar in the informal market of Argentina closed this Wednesday at 188 pesos per unit, its highest value so far this year, due to the demand of investors given the uncertainty regarding the direction of the country’s economy. The so-called “blue dollar”(Informal retail market) rose one peso compared to the closing […]
Controversy in Argentina over price controls without agreement with businessmen established by the Peronist government
The Peronist Government of Argentina published this Wednesday in the Official Gazette a decree that sets price controls on 1,432 foods and mass consumption products for 90 days to curb inflation, a measure that caused controversy as it did not have the support of various business groups from the country. In radio statements, the president […]
Peronist government sets maximum prices for mass consumer products in Argentina
Updated on 10/19/2021 07:59 pm The Ministry of Internal Trade of Argentina issued a resolution that establishes the temporary fixing of maximum consumer prices for producers, marketers and distributors of 1,432 mass consumption products in an attempt to contain an inflationary escalation. The measure was known after a meeting with representatives of business chambers that […]
Peronist government of Argentina will give incentives to convert social plans into formal employment
The president of Argentina, Alberto Fernandez, signed a decree to grant incentives with the aim of converting the social assistance plans granted by the State to people from vulnerable sectors into formal jobs. The decree, published this Tuesday in the Official Gazette, affirms that one of the main objectives of the Government is that the […]
Argentina’s food chamber rejects government proposal to freeze prices
Updated 10/19/2021 05:32 pm The chamber that brings together the main companies in the Argentine food industry said that the government’s proposal to freeze the prices of some 1,650 food and household items could lead to a lower supply of the sector and criticized officials for considering it a unilateral decision. . The Peronist government […]