1 / 1 Relevant items tagged with #CentralBankOfArgentina
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Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance
[Feb 26 5:30 PM] Javier Milei, the libertarian president of Argentina, is seeking to stop the issuance of money by the country’s central bank. Milei stated he would send a bill to Congress to penalize issuing money with jail time, explaining that central bank…
Argentine President Javier Milei Rules out Dollarization Process in 2024
[Feb 8 3:30 PM] Javier Milei, the libertarian president of Argentina, has ruled out the possibility of applying his dollarization plan during 2024. In an interview with local media, Milei stated that while dollarization and the free convertibility of coins was the…
Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers
[Jul 20, 2023 11:30 PM] Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value…
Central Bank of Argentina Accelerates Yuan Sales and Dollar Purchases as Reserves Dwindle
[Jul 13, 2023 11:30 PM] The Central Bank of Argentina has accelerated the sale of its Chinese yuan stash, using part of the swap line provided by the government of China while it tries to acquire dollars simultaneously. According to local sources, the country’s…
Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan
[Jun 20, 2023 4:00 AM] The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the…
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
[May 8, 2023 3:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising
Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports
[Dec 13, 2022 11:30 PM] Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing…