US EditionArgentine Government Intervenes the Exchange Market After Strong Rise of the Dollar - La Tercera
16 Articles
16 Articles
After the price of the dollar reached a record in the previous session, in the midst of the uncertainty before the next parliamentary elections in Argentina, the administration of Javier Milei decided to intervene the exchange market before the currency touched the ceiling of the float band agreed with the International Monetary Fund (IMF) in April. Shortly after the beginning of the operations the Argentine Minister of Finance, Pablo Quirno, re…
The Argentine Treasury said it would intervene in the foreign exchange market as the country’s assets sink in the midst of a series of political and economic setbacks for President Javier Milei before a key vote on Sunday. The decision — a change of position on the part of a government that repeatedly celebrated the free flotation of the peso within the established ranks — comes after weeks of efforts to stabilize the bad exchange rate. The auth…
After officializing its intervention in the exchange market to contain the dollar after several days of bullish streak and succeeding in lowering it to $1,375, the government sold -on the first day after the announcement of that strategy - around USD 100 million. That amount is derived from private estimates on the transaction that the Treasury made in the last hours in the wholesale square through the Central Bank of the Argentine Republic (BCR…
BUENOS AIRES.— The Government of Argentina announced that the National Treasury will intervene in the exchange market with sales of dollars, an unprecedented decision in the management of Javier Milei that seeks to curb the strong pressure on the peso and stabilize the quote in a critical economic and political context. The measure was communicated by the Secretary of Finance, Pablo Quirno, and represents a change of exchange policy. Until now, …
The national government breaks its promise and sells reserves to curb the dollar's rise. Amid allegations of espionage and a worsening campaign, the executive branch intervenes in the foreign exchange market, breaking one of its key rules. The national government faces a chaotic week marked by political scandals, electoral tensions, and an economic U-turn that has set off alarm bells in the market. In an attempt to contain uncertainty, one of th…
"More Uncertainty": Milei Intervenes to Contain the Dollar and Challenges the Agreement with the Imf
The Argentine government made the decision weeks after the mid-term elections and in the middle of a media corruption scandal, going against the agreement with the agency when it approved the credit for $20 billion. "It is a warning signal for investors," an expert told Sputnik.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
