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Entries with Keyword exchange rate

Among the many changes that the giant 2002 devaluation brought to Argentina was a sudden switch in the country’s relationship to tourism.

During the 1990s, with a strong peso legally tied to the value of one US dollar, the stories …

Martín Guzmán has repeatedly said in his interviews and press conferences since swearing in as Alberto Fernández’s Economy minister that one of his main goals would be to “tranquilize” the economy.

After two years of constant runs against the peso …

Although his phone number is still the same of his days as an ally of former president Eduardo Duhalde, Alberto Fernández believes his destiny is to re-enact Néstor Kirchner’s presidency. Ten months since inauguration, he cannot hide the nostalgia of …

The most ardent enemies and long-time critics of the Kirchnerite decade sometimes used to explain its endurance by citing two factors: “soybean and luck”. It was a reductionist view of why the Kirchnerite economy went 12 years without …

Despite the little effect that the government’s constant economic tinkering is having on the run against the peso, President Alberto Fernández tried to convey a message against a massive devaluation this week, as the country’s highly-restricted official exchange rate continues …

Néstor Kirchner had a routine that he followed religiously during the years of his presidency. Every day he called the Central Bank to know how many US dollars were in its foreign currency reserves. After that, he called the Treasury …

The economic troubles of Alberto Fernández’s presidency are quickly becoming synonymous with those of the country’s Central Bank. Emergency measures to halt the slide of the peso are leading to other mounting problems, requiring ever-growing draconian restrictions that only manage …

The crisis in Argentina’s Central Bank become impossible to hide again this week, as foreign currency has continued to leak out of its reserves, given the subsidized value at which the remaining hard money it holds is being offered to …

After a series of severe devaluations of the peso, tourism could be turning into a new huge opportunity for Argentina, as the country once again offers very accessible products and services for the international market. But the way is not …

With less upward pressure from the peso’s devaluation and a number of positive signs in Argentina’s financial market, the price of the dollar has fallen for the third consecutive day.

After the dollar reached a record high of more