Argentina’s markets tumbled as corruption allegations against a former disability agency head linked to President Javier ...

By Reuters | May 16, 2025, at 6:12 a.m. ... Reuters A pedestrian walks past a currency exchange office, in downtown Buenos Aires, Argentina May 8, 2025. REUTERS/Agustin Marcarian By Leila Miller ...

In trading on Wednesday morning, the Argentine peso (ARS:USD) spiked up against the U.S. dollar at about 9:13 AM ET, but then dipped at about 10:07 AM. Year-to-date, the Argentine peso has dropped ...

Although Argentina’s depleted currency reserves sent Milei backpedaling from his initial campaign trail-fervor for “burning down” the central bank and adopting the U.S. dollar as the national currency ...

Milei ended a $200 monthly cap on dollar withdrawals, scrapped a 30% tax and unraveled other restrictions, allowing Argentines with bank accounts to buy dollars freely for the first time since ...

Money managers are piling into Argentina’s local markets, seizing on the steep sell-off in the peso and domestic bonds.

Argentina currently taxes soy exports at 26% and shipments of derived oil and meal at 24.5%. Milei hinted that a temporary tax break, set to expire at the end of June, would not be extended.

Argentina’s government has unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone ...