Argentina is set to introduce new banknotes, with denominations of 20-50,000 pesos, as the country grapples with soaring inflation, President Javier Miley confirmed in an interview with La Nacion newspaper.
Milei emphasized the challenges of using lower denominations, describing them as...
Argentina initiated a drastic economic overhaul under President Javier Milei, temporarily devaluing the peso by 54% and implementing substantial spending cuts to address the nation's economic crisis.
Economy Minister Luis Caputo, in a televised announcement, disclosed that the official peso...
Argentina will pay for Chinese imports in yuan instead of dollars, according to an announcement by the Argentine government on Wednesday.
The controversial move comes at a time when the country is struggling with critical levels of dollar reserves, a historic drought, and a political crisis ahead...
A 24-hour strike hit Argentina as the country is expected to introduce austerity measures in order to receive financial aid from the International Monetary Fund (IMF). Furthermore, the president of the Argentine central bank Luis Caputo resigned earlier citing personal reasons. It was announced...
Argentine President Mauricio Macri announced on Monday new austerity measures aimed at cutting the budget deficit. Although he did not specify the measures, the president said that the government will ask the exporters to contribute to the country budget through higher taxes. Besides the tax,...
Gerry Rice, the spokesman for the International Monetary Fund (IMF), issued a statement on Friday, declaring "full support" for Argentina's efforts in resolving the ongoing financial crisis. The organization was closely working with the countries government in order to bolster the faltering economy....
Argentine peso suffered the strongest daily fall in three years on Wednesday after President Mauricio Macri asked the International Monetary Fund (IMF) to expedite the release of a $50 billion loan from a standby fund. He said that the government came to an agreement with the institution in order to...
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