News Argentina Currency: IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln
The International Monetary Fund said on Friday it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling country's $44 billion loan program.
News Argentina Currency: Convert Argentine Peso To Euro
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News Argentina Currency: Insight: Some Airbnb hosts try to beat Argentina's inflation with dollar rates and tax avoidance
As Argentina's inflation rate soared past 100% and the value of the currency slid, IT worker Luis, 33, found an economic lifeline: renting out his apartment on Airbnb for coveted dollars and finding a way to hide his earnings from the tax authorities.
News Argentina Currency: Argentina should ditch the peso in favor of a 'hard dollar regime' to get inflation under control, think tank says
Dollarization "is the equivalent of a hangman's noose: it mothballs the central bank and fully does away with the local currency." ...
News Argentina Currency: Sri Lanka currency board option analyzed by thin tank, but repeats false Argentina claim
Sri Lanka's Institute of Policy Studies, has analysed the advantages of a currency board (a fixed exchange rate system) as well as its supposed disadvantages, but also repeated a false claim that Argentina at one time had a currency board.
News Argentina Currency: Argentina wants China to fully fund $8.3 billion nuclear plant amid cash shortfall
Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt levels and looks to bring down its fiscal deficit as part of a recent deal with the International Monetary Fund. The South American nation signed an agreement with the China National Nuclear Corporation (CNNC) for construction of a nuclear power plant in February. CNNC at the time said it would finance 85% of the cost, with Argentina shouldering the rest.
News Argentina Currency: Argentina interest rate seen up 150-350 bps in April after IMF deal
Argentina's central bank is likely to hike the benchmark interest rate between 150 and 350 basis points in April, analysts and traders said, after the country finalized a $44 billion debt program with the International Monetary Fund.
News Argentina Currency: EXCLUSIVE Argentina weighs FX boost for oil & gas companies to spur production
Argentina's government is developing a bill that would give the local oil and gas sector incentives to ramp up investment in domestic production, including easing access to foreign exchange markets, according to sources and a draft law seen by Reuters.
News Argentina Currency: Argentina: A South American Power Struggles for Stability
Argentina is one of Latin America’s largest economies and most stable democracies, but the country has struggled with political dysfunction and financial crises in recent decades.
News Argentina Currency: Argentina rains cap crop losses from drought, weather experts say
Argentina, a major grains exporter, is set for further abundant rains in the coming days and a likely near-average month of precipitation ahead, weather experts said, which should cap recent crop ...
News Argentina Currency: Argentine traders bail on devaluation bets, buy inflation bonds
Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of ...
