Argentina

Compelled Measures: Argentina's Inflation Exceeds Expectations in August

7 months ago

In August 2024, Argentina recorded inflation figures that were slightly higher than analysts' forecasts, reaching 124.4% compared to the same period last year. This increase represents the economic difficulties that the country has faced, including the depreciation of the national currency and high prices for food and services.

An Alternative to the Peso Emerges in La Rioja, Argentina: A New Currency Approach

7 months ago

Argentina is witnessing a rapid rise in alternative currency methods among its population, especially in the province of La Rioja. Following fluctuations and the devaluation of the national currency, Argentines are seeking more stable means of transferring and storing value. One such alternative has been the use of currency based on commodity prices. Thus, local residents are beginning to trade and exchange various goods, using real values as a basis rather than the rates set on currency markets.

Argentina's President Javier Milei Vetoes Pension Bill Amid Congressional Tension

7 months ago

Argentina's President Javier Milei has vetoed a pension bill in what marks a growing political tension within the country. This decision comes amid economic hardships that Argentina is currently grappling with, and increasing criticism from the opposition towards the government.

Argentina Ships Gold Bars Abroad for Financial Certification

7 months ago

Argentina is entering a new phase in its financial policy, involving the export of gold bars aimed at certifying their authenticity and value. The government, facing financial difficulties, has decided to send its gold reserves abroad for auditing validation.

President Milei Cuts Import Tariffs in Argentina to Tackle Inflation

7 months ago

Argentine President Javier Milei has announced a reduction in import tariffs on goods to ease inflation, which has reached record levels in the country. This measure is aimed at lowering prices on essential products and improving the economic situation in Argentina, where consumers face skyrocketing prices.

MercadoLibre Slams Argentine Banks for Cartel Tactics

7 months ago

MercadoLibre, the largest e-commerce platform in Latin America, has issued a strong condemnation against the Argentine banking sector, accusing it of employing cartel tactics aimed at undermining its business model. In response to a sharp increase in fees and hidden charges that banks have recently implemented, MercadoLibre has formally lodged a complaint with local regulatory bodies and is calling for an investigation into the banks' actions.

Argentina's Economy: Inflation Slows to Lowest Level Since 2022

8 months ago

Argentina has recorded a significant slowdown in inflation rates, which is a positive sign for the country’s economy. According to the latest data, the inflation rate in July 2024 dropped to 77.9%, marking the lowest level since October 2022. This decrease has occurred against the backdrop of economic reforms implemented by the new president, Javier Milei, who has focused efforts on combating inflation and stabilizing the economy.