Money in Argentina
Argentina - MoneyArgentina’s national statistical office recently began publishing first official data again, following a months-long data dearth that resulted from the statistical overhaul the new government had pledged to undertake. According to a preliminary estimate, the economy expanded a remarkable 2.1% in 2015, thus accelerating over 2014’s increase. Last year’s expansion was led by a record soy harvest, which boosted production in the agricultural sector. Encouraging developments were also recorded in the construction and services sectors. Meanwhile, Argentina is now one step closer of settling the decade-long dispute with the country’s creditors. In late-March, Congress approved the deal with the holdouts and, earlier this month, the United States Court of Appeals upheld a ruling to lift the injunction that had banned the country from paying its creditors. The government has likely settled the sale of USD 15 billion in bonds on 18 April, the proceeds of which will be used to pay holdouts.
Argentina - Money Data
|Money (annual variation in %)||29.8||38.4||25.7||28.9||28.2|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Money Chart
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||14.20||0.13 %||May 03|
|Stock Market||13,166||-2.83 %||May 03|
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April 18, 2016
Since taking office last December, President Mauricio Macri, has accomplished his key campaign promises such as scrapping currency controls and reaching a deal with the country’s holdouts, thus ending 15 years of isolation from international capital markets.
April 9, 2016
Consumer prices in February increased 4.0% over the previous month, according to the inflation index reported by the National Statistics Institute (INDEC) covering the city of Buenos Aires.
April 9, 2016
In February, exports expanded 6.7% over the same month last year, which was significantly above the 1.3% increase observed in the previous month and marked the best result since June 2013.
April 9, 2016
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 45.6 in February to 48.2 in March, thus recovering from the lowest level in over a year.
March 14, 2016
Less than three months after taking office, newly-elected President Mauricio Macri has already delivered on most of his key campaign promises such as scrapping currency controls and sealing a deal with the country’s credit holdouts, thus fueling hopes that the country is on the brink of great change.