Argentina central bank speeds up FX sales to prop up peso

Argentina central bank speeds up FX sales to prop up peso

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is being forced to sell dollars at an accelerated rate to prop up the peso amid rising global uncertainty, including questions over a new deal with the International Monetary Fund. The bank, which has been battling for over a year to reverse a deep deficit in foreign currency reserves, sold off over half a billion dollars in the latest two rounds of interventions, breaking a six-w…

On CNN Radio Argentina, Nery Persichini, an economist expert in finance and markets, analyzed the current state of the economy, the agreement with the IMF and the possible lifting of the stocks. On CNN Primera Mañana, regarding the measures requested by the Monetary Fund such as fiscal adjustment, the most flexible exchange rate and the greater autonomy of central banks, among others, he stated that they are requested “because these types of agr…

CNN Radio Argentina (CNN Radio Argentina) — Alejandro Bianchi, founder of Investment Advisor and director of the Master's Degree in Finance at UADE, analyzed the current economic context in an interview with CNN Radio. During his dialogue, he addressed the uncertainty generated by Donald Trump's policies, the situation of the dollar in Argentina and the political landscape ahead of the elections. On CNN Economía y Actualidad by Julieta Tarrés, B…

CNN Radio Argentina (CNN Radio Argentina) – Juan Luis Bour, chief economist at FIEL, analyzed this Monday on Regreso CNN with Mariana Arias and Pepe Gil Vidal the recent sale of dollars by the Central Bank and the uncertainty surrounding the agreement with the International Monetary Fund (IMF). Bour explained that the agreement with the IMF “is still pending approval” and that, while it is assumed that there will be an understanding, “it is not …

Esteban Klein is the face of the exchange intervention of the Central Bank. As Deputy General of Operations, he is in charge of 'the money table', and does not want the market to take his pulse. That's why he usually goes unnoticed with his exchange interventions. Klein, a national public accountant by the Universidad Católica Argentina, before assuming his current position in the Central Bank was Portfolio Manager of the Onslow Capital Manageme…

The governor of Córdoba, Martín Llaryora, emphasized the importance of accompanying the agreement with the International Monetary Fund (IMF) as a tool to stabilize the economy and generate conditions conducive to investment and productive development. He referred to this issue when he explained in the panel on agro-industry of the IEFA Latam Forum 2025, which is developed at the Four Seasons in Buenos Aires. Modernizing food systems, balancing f…