Argentina will put into circulation in the middle of this year the new 2,000-peso bill, which will become the highest denomination. The purpose is to face the high inflation that overwhelms the nation.
In December 2022, Argentina closed the period with 92 % inflation, one of the highest for the…
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central bank of argentina
Argentina restricts access to dollar savings
The Central Bank of Argentina announced that it will restrict access to "saving dollar" requests to those who bought bitcoin or any other cryptocurrency in the last 90 days.
In addition to this, applicants must sign a commitment letter…
Bank of Argentina raises interest rates again
The board of directors of the Central Bank of the Argentine Republic raised the yield of the Liquidity Letters (Leliq) to 28 days, the reference rate in the country for the price of money, by 200 basic points, from 47 % to 49 %, as reported…
Argentina prohibits banks from transactions with cryptocurrencies
The Central Bank of the Argentine Republic prohibited the country's financial entities from carrying out or facilitating operations with digital assets, including cryptocurrencies, for their clients, according to a statement.
The measure…
Access to dollars in Argentina is increasingly difficult
The Argentine peso has registered a significant loss in value. In addition to this, citizens face greater difficulties in obtaining dollars. Argentina is at a critical moment in economic matters.
The measures taken by the Central Bank of…
The Argentine Government creates a guarantee fund for SMEs for 425 million euros
The Government of Argentina has created a guarantee fund for SMEs for 30,000 million Argentine pesos, equivalent to 425 million euros, to facilitate access to working capital loans for companies.
This has been announced through Decree 326…
Central Bank of Argentina will intervene in the foreign exchange market
On Monday, the Central Bank of the Argentine Republic (BCRA) announced that it will intervene in the exchange market in order to "aggressively reduce the amount of pesos" circulating in the market.
One of the fields it will intervene is…