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The Government rolled back prices to January 21

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The Government rolled back prices to January 21

The Government announced, in a press conference given by Kiciloff and Capitanich, the agreement reached with the companies that make parts domestic products and those who sell them in the market. Also participated Debora Giorgi, Minister of Industry, the head of the CGT and Secretary General of the UOM Antonio Calo and representatives of chambers of manufacturers and marketers of domestic products.

12 million dollars were already sold to 22,000 savers

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12 million dollars were already sold to 22,000 savers

The new measures around the FX market was greeted with more agility in its second day, as 2,097 people could buy dollars at the official price and legally. According to data from the AFIP, savers took U.S. $ 12,781,737, an average of U.S. $ 578 per transaction. This marked a contrast to Monday, where 242 […]

Banks and exchange houses couldn’t sell dollars for saving

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Banks and exchange houses couldn’t sell dollars for saving

According to Friday’s announcement, the possibility of buying dollars to save opened from today. However, despite many depositors approached banks and exchange houses authorized by the AFIP, the adequacy of the system to implement the new rules prevented the sale.

Those who earn more than 7200 pesos, may buy dollars at the official market

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Those who earn more than 7200 pesos, may buy dollars at the official market

Cabinet Chief Jorge Capitanich revealed that workers who earn a salary greater than 7200 pesos can access the purchase of dollars for savings on the official market. In addition, people can buy only $ 2,000 per month. “They could acquire foreign currency taxpayers as employees, freelancers and mono-tax earning the equivalent of two minimum wages […]

Kicillof “Now people can go to a bank and buy dollars again”

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Kicillof “Now people can go to a bank and buy dollars again”

Economy Minister Axel Kicillof said people can now purchase dollars in their bank according to their income level. “Now people can go back to a bank and buy dollars. Their purchasing power will be associated with the normal level of income they have,” the minister said in an interview on page 12. “There was a […]

Cards: “The move from 35 to 20 percent will not be implemented on Monday”

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Cards: “The move from 35 to 20 percent will not be implemented on Monday”

Economy Minister Axel Kicillof said the low of the surcharge to card spending abroad, will not be reduced to 20% as previously announced . “The purchase of dollars to pay a holding deposit of Tax equivalent to 20 percent of operating profits . In the case of sale of foreign currency from tourism and card […]

Wall Street: Argentine shares declined after the depreciation of the dollar

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Wall Street: Argentine shares declined after the depreciation of the dollar

This Thursday, Argentine stocks listed on Wall Street suffered a decline proportional to the devaluation of the dollar in relation to official Argentine peso. Another factor was the uncertainty about the future of the dollar.

Progressive devaluation: The official dollar reached $ 7.12 and the “blue” exceeded $ 12

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Progressive devaluation: The official dollar reached $ 7.12 and the “blue” exceeded $ 12

In the market regulated by the Government, the dollar rose more than 20 cents and took the “tourist/card dollar” for $ 9.16. Informal dollar climbed to 12.15 pesos. The peso depreciation experienced its biggest daily, 3.2 percent, since the introduction of the exchange limitations in the market. So far in January, the national currency was […]

More limitations: Now Argentines can only make two purchases per year in foreign sites

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More limitations: Now Argentines can only make two purchases per year in foreign sites

The AFIP deepened Wednesday controls on purchases made in foreign websites through a new resolution system complementary to the affidavits it released yesterday. According to the rules, from now people can get in the door of the home products that doesn’t exceed the annual value of $ 25 or go pick them up at Correo […]

To balance prices, the government opened the import of products like tomatoes from Brazil

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To balance prices, the government opened the import of products like tomatoes from Brazil

The Chief of Staff Jorge Capitanich said today President Cristina Kirchner instructed Economy Minister Axel Kicillof to import tomatoes from Brazil, precisely to ensure supply and balance prices. Chief Ministers anticipated that import policy “will be done with all those goods which suffer seasonal supply or which may affect the price level program “Care Prices”. In […]

The Government officially launches the new basket with prices frozen

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The Government officially launches the new basket with prices frozen

The Government officially launched the pricing agreement with the major supermarket chains and food industry companies, to counter inflation. The Cabinet Chief Jorge Capitanich stressed that the objective of the agreement is “to protect the citizens econmy.” “That is the goal that the President (Cristina Fernandez de Kirchner) asked us,” said the chief minister. The […]

YPF also increased its fuel

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YPF also increased its fuel

YPF, which last year rose 25 % prices, today increased 6.8 % average price of its liquid fuels. The increase was greater in the case of diesel and premium gasoline, which already it sells for 9.99 pesos per liter in the city of Buenos Aires, and even above $ 10, in the case of other […]

Government announces a price agreement in staples

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Government announces a price agreement in staples

The federal government announced Friday an agreement with supermarkets, food companies and producers of cleaning rates to manage nearly 200 staples. The announcement to be made ​​Cabinet Chief Jorge Capitanich with Minister of Economy Axel Kicillof , and Commerce Secretary Augusto Costa, in a ceremony to be held at Government House, in Friday morning, officials […]

Repsol to sue Argentina for 20,000 million dollars

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Repsol to sue Argentina for 20,000 million dollars

Spanish oil company Repsol sue Argentina for more than 20 billion dollars in international courts, following the expropriation of the majority stake in YPF, ready in May 2012.

The government canceled debts with companies that filed lawsuits in the country

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The government canceled debts with companies that filed lawsuits in the country

The national government will pay 667 million dollars to ‘normalize debts’ with companies that filed lawsuits against the national state from the economy minister Hernan Lorenzino approved model agreement on firm ruling issued by arbitration tribunals.

U.S. Supreme Court Rejects Appeal of Argentina in the case of the holdouts

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U.S. Supreme Court Rejects Appeal of Argentina in the case of the holdouts

The U.S. Supreme Court dismissed the first appeal Monday of Argentina on a lower court ruling ordering it to pay hedge funds that bought some bonds of the country’s debt after it was declared in default of payment in 2001. The judges did not comment on their ruling.

The United States Court of Appeal considered Argentina by vulture funds

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The United States Court of Appeal considered Argentina by vulture funds

The U.S. Supreme Court on Monday to meet again amd could decide to accept the appeal of Argentina around the vulture funds trial.

Monotax: The government announces 100 percent increase in revenue levels

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Monotax: The government announces 100 percent increase in revenue levels

The national government announced a 100 percent increase in turnover levels of single tax regime, which are effective from the first day of this month.

Vulture funds ask judge Grisea to reject the Argentine case

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Vulture funds ask judge Grisea to reject the Argentine case

Vulture funds who sued Argentina for the defaulted debt, asked the New York judge Thomas Griesa to suspend a hearing between the parties that was scheduled for today in the city.

Key week in the conflict between the government and Lan Argentina

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Key week in the conflict between the government and Lan Argentina

A key week between the government and Lan Argentina due to the hangar at Aeroparque. When the Chilean company plans to file an injunction before the court, the aeronautical unions threatened strikes if there are layoffs.

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