US EditionArgentine Government to Intervene in FX Market Amid Volatility
15 Articles
15 Articles
Argentine government to intervene in FX market amid volatility
Argentina's government has announced a direct intervention in the foreign exchange market to address mounting currency pressures, as corruption allegations weigh on investor confidence ahead of crucial regional elections.
The government's intervention in the exchange market marked a change from the scheme announced months ago. Today Wednesday, September 3, the dollar is listed at $1335 for purchase and $1375 for sale, very close to the roof of the band.After several weeks of pressure on the dollar, the Treasury confirmed that it will sell currency "when it deems necessary" to ensure "normal functioning and liquidity", as reported by the Finance Secretary, Pablo Q…
Dollar: Government confirms Treasury will intervene with foreign exchange sales to contain exchange pressure By Solange Rial The Secretary of Finance, Pablo Quirno, confirmed through his account on social network X that there will be direct intervention on the official dollar within the floating bands. The official announced that [...] The entry The Executive informed that the National Treasury will intervene in the exchange market to try to con…
A negative day for Argentine bonds.
The national government announced this Tuesday that it intervenes in the exchange market in the face of the increases of the last days in the price of the dollar. On Monday the U.S. currency was offered at the National Bank at $1,390 and closed the day at $1,385. The ceiling of the floating band arranged by Nation after the partial departure of the stocks was around $1,467. Earlier this Tuesday the Secretary of Finance, Pablo Quirno, announced: …
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