Argentine blue dollar rises to 1,555 ARS as Central Bank accumulates reserves
The parallel 'blue' dollar exchange rate in Argentina increased by 20 pesos, reflecting ongoing currency volatility. Simultaneously, the Central Bank of Argentina (BCRA) purchased 25 million USD, contributing to a 117 million USD increase in gross international reserves to 49.036 billion USD.
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Argentina — 14 developments
Argentina Pursues Fiscal Stability Amid Economic Contraction; Chile Advances Tax Reform
Argentina is actively pursuing a multi-pronged fiscal stability agenda, confirmed by legislative pushes for Central Bank reform, new penal code provisions, and amendments to the 'Fiscal Innocence' law, despite an economic contraction. Chile is advancing a significant tax reform package and legislation to mitigate electricity tariff increases, though executive vetoes are anticipated. The overall regional fiscal policy landscape is characterized by ongoing legislative activity and efforts to address economic challenges.