Finally we will have bigger notes. It's a royal pain carrying around the 1,000 peso note and they almost never have the bigger 2,000 peso note in circulation. I thought I read somewhere that they were going to do 20,000 and 50,000 peso note so I hope that is the case. By the time this...
The Central Bank set the new interest rate paid by credit card users - Infobae
Source:
https://www.infobae.com/economia/2024/01/09/el-banco-central-fijo-la-nueva-tasa-de-interes-que-pagan-los-usuarios-de-tarjetas-de-credito/
January 09, 2024
Under the administration of Santiago Bausili, the...
This morning brought the unexpected resignation of Luis Caputo, the president of the Central Bank. The market's response to this news has been overwhelmingly negative, with the peso experiencing a 4% decline.
Capital flight, defined as "the formation of assets abroad by the non-financial sector," fell from $3.64B in Q4 2011 to $1.61B in Q1 2012 according to the central bank.
NASDAQ Article
There are a lot of people who will argue that CFK didn't have much choice but to impose currency controls to...