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BUENOS AIRES (Reuters) -Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new Economy Minister Luis Caputo said on Tuesday ...
As soon as Leandro Francisco Diana woke up Tuesday, he reached for his phone like many Argentines on the first business day after the election victory of President-elect Javier Milei. “I opened ...
A "corn dollar" for corn exports existed between 25 July and 31 August 2023. [68] On 4 November 2022 a "foreign tourist dollar" rate close to the black market rate (355 pesos to the dollar instead of the official 195 at the end of February 2023) was introduced, for purchases made with foreign payment cards. This was to encourage people to visit ...
As Argentina prepares for a crunch presidential election, the old adage rings true: 'it's the economy, stupid'. Inflation is at 138%, net reserves of foreign currency are in the red, savers are ...
USD to Argentine peso exchange rates, 1976–1991 USD to Argentine peso exchange rate, 1991–2022. The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in:
The 2024 Argentina protests were a series of protests and riots in Argentina, lasting from January to June, in response to reforms introduced by president Javier Milei. Milei proposed reducing government ministries and addressing economic challenges through spending cuts and fiscal reforms, and criticized previous administrations for excessive ...
Because Argentina’s inflation rate is so high – just this week new data revealed prices had risen 142% from 2023 – the proposal has attracted interest from foreign institutions as well.
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.