Argentina’s Ministry of Economy announced on Sunday that it will purchase over $1.5 billion from the central bank to cover interest payments on its “Globales” and “Bonares” bonds due in January 2025. The funds will …
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Argentina to Sell Dollars on Parallel Market to Combat Inflation
Argentina is taking a bold step to combat inflation by selling US dollars on the parallel foreign exchange market. The central bank will start buying dollars on the official market and selling an equivalent amount …
Continue readingArgentina’s Inflation Slows But Skepticism Remains
Argentina’s inflation has slowed dramatically since President Javier Milei took office, but many residents remain skeptical of the official figures and continue to feel the impact of high prices in their daily lives. Inflation has …
Continue readingArgentina’s Inflation Cools, But Skepticism Remains Amidst Economic Hardship
Argentina has seen a significant drop in inflation, with the rate falling from 25.5% in December to 4.2% in May. This slowdown has been attributed to President Javier Milei’s austerity measures and cost-cutting efforts. However, …
Continue readingAgrotoken and Tanssi Team Up to Revolutionize South American Agro-Finance on Polkadot
Agrotoken, the leading global tokenization platform for agricultural commodities, has announced a strategic partnership with Tanssi, a cutting-edge appchain infrastructure protocol, to transform agro-finance in South America. The collaboration will leverage Polkadot technology to develop …
Continue readingMilei’s Far-Right Push in Brazil Risks Diplomatic Crisis with Lula
Javier Milei, Argentina’s newly elected president, is doubling down on his far-right approach to politics, taking his campaign to Brazil this weekend and further escalating tensions with leftist leader Luiz Inacio Lula da Silva. Milei …
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