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Entries with Keyword Peso

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

The Argentine peso is recovering ground against the US dollar for the second day in a row, appreciating by 1.8 percent today. At noon, the exchange rate in the Banco Nación – which has the market’s lower rate – was …

In respective addresses to press, Treasury and Finance Minister Nicolás Dujovne and International Monetary Fund (IMF) Managing Director, Christine Lagarde, indicated progress was made in the negotiations regarding the Macri administration’s request for the expedited disbursement of the US $50 …

The Argentine peso depreciated by 1.8 percent today, with the average exchange rate clocking in at AR $39.69 per US dollar, according to a report the Central Bank (BCRA) led by Luis Caputo releases every day after the markets …

Gradualism has definitively come to an end. As part of emergency moves aimed at stabilising the peso and calming the markets, the Argentine Government has introduced dramatic measures that they hope will slash the mounting fiscal deficit. After first announcing …

Look who’s piped up again. As the Argentine peso continues its spectacular collapse against the dollar, being less valuable that the Uruguayan peso for the first time in history, Cristina Fernández de Kirchner has made it all about her.…

In another tumultuous day for the Argentine economy, the peso hit an all-time low of $31.60 to the dollar yesterday, with a record close of AR $31.50 wholesale and AR $32.06 retail to the American currency. To improve the situation, …

Stay calm, everyone. Yesterday, Minister of the Treasury Nicolás Dujovne confirmed to international news agencies that Argentina would receive a US $3 billion payout from the International Monetary Fund (IMF) in September. He also acknowledged that Argentina’s GDP will have …

After a volatile day, the has dollar declined. According to the retail average prepared by the Central Bank, the public closing market price for the dollar sits at $30.38, with some banks listing it at $30.80. Compared to the …