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Articles by Bianca Fernet

Last Tuesday, Argentina’s securities regulator, the CNV, shocked markets by announcing Resolution 646 requiring that mutual funds price dollar-denominated assets in pesos at the official government rate rather than the market rate that is closer to the parallel or blue …

A surprise announcement on Tuesday morning by the CNV, the Argentine securities regulator, caused mutual funds to sell off their dollar-denominated assets or risk being priced in pesos.

CNV General Resolution 646 requires mutual funds to value foreign assets at …

Over the past few months, Argentina’s economy hasn’t exactly been facing the most optimum of conditions. The parallel exchange rate, or “blue dollar,” is steadily creeping up to 16 ARS/USD, yet it is cheaper to send money out of the …

Yesterday, Economy Minister Axel Kicillof presented the 2016 budget to Congress. In it, he denied that Argentina would devalue the peso in 2016.

Argentina faces a truly different international environment in 2016 than in 2015. Argentina’s main source of foreign …

Cristina has been on the media warpath against a perceived attack on emerging markets.

This Monday, Cronista republished (in Spanish) an article from the Financial Times titled, “Emerging Markets: Fixing a Broken Model.” The article is long, a …

Remember when Argentina scored a small legal win against the so-called “vulture” funds on Monday?

Put away your party hat. Judge Griesa seems to have lost his legal patience with Argentina. This Wednesday he ordered sanctions for failing to disclose …

This Monday, Argentina finally got a breath of legal fresh air in the Argentina vs. holdouts (AKA vultures) ordeal. The 2nd US Circuit Court of Appeals ruled that although Argentina must still pay the original holdouts, it should not pay …

Economy Minister Axel Kicillof strutted his economic stuff on Monday in a 35-minute interview with La Nación. Besides the fact that the interview took place on the Conversaciones platform, which looks suspiciously like a transporter platform from Star Trek, …

We’re getting closer and closer to the long-awaited presidential elections this October, and the closer we get the more volatility and surprises we’re seeing in the currency markets. So to make things easier to understand, I prepared a quick guide …

Yesterday the informal or “blue” dollar hit 2015 highs, peaking at 15.30 ARS/USD and closing at 15.05.

This represents an increase of ARS 0.54 cents, following an increase of ARS 0.30 cents on Monday. The lie official rate has remained …