Alberto Fernandez – DIGIT INFO

Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue

DIGIT — Fri, 05 May 2023 08:19:57 +0000

Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is currently facing regarding the state of its foreign reserves and the devaluation of its fiat currency. Argentine Foreign […]

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Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals

DIGIT — Fri, 05 May 2023 06:04:55 +0000

Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit […]

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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

DIGIT — Sat, 29 Apr 2023 06:19:57 +0000

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]

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Argentina Registers 6.6% CPI in February; Inflation Numbers Blast Past 100% YoY for First Time Since the 90s

DIGIT — Fri, 17 Mar 2023 03:30:37 +0000

The National Institute of Statistics and Census of Argentina released February’s numbers for the consumer price index (CPI), registering an increase of 6.6%, a consequence of the rises in prices of food and beverages principally. The number is among the highest in the history of Argentina, reaching more than 100% growth year-on-year (YoY), something that […]

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Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

DIGIT — Wed, 08 Mar 2023 12:30:17 +0000

Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela, which present high levels of inflation. U.S […]

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Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?

DIGIT — Tue, 31 Jan 2023 18:09:18 +0000

Brazil’s Luiz Inácio Lula da Silva and Argentina’s Alberto Fernández want to create a “common currency.” It sounds suspiciously like a state-controlled cryptocurrency.

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Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries

DIGIT — Wed, 25 Jan 2023 12:30:08 +0000

President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula […]

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Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars

DIGIT — Thu, 29 Dec 2022 13:30:44 +0000

The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary […]

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Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes

DIGIT — Mon, 26 Dec 2022 08:30:10 +0000

The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto Fernandez and Argentine courts. […]

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President of Argentina Open to Adopting Cryptocurrencies as Legal Tender

DIGIT — Mon, 16 Aug 2021 05:30:19 +0000

Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion around the value and use of cryptocurrencies not only in Argentina but also all over the world. However, he recognized this issue should be treated […]

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