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Argentine Parallel Dollar Hits Five-Month Low
The parallel dollar price in Argentina fell to a five-month low of 1,195 pesos per unit today, dropping 10 pesos from the previous day. The “blue dollar” ended another week on a downward trend, influenced by ongoing government intervention. State involvement in financial segments for currency acquisition continues to shape the market. President Javier Milei’s […]
Accelerated procurement: Argentina confirms purchase of 156 Guaraní armored vehicles from Brazil
Argentina intends to purchase 156 Guaraní armored combat vehicles as soon as possible. Francisco Cafiero, the country’s Secretary of International Affairs for Defense, conveyed this intention to Iveco Defense Vehicles officials. The announcement came during the Argentine Defense Minister Jorge Taiana’s visit to the combined military exercise Arandú, carried out by the Argentine and Brazilian […]
Bolivia Central Bank Boosts Reserves with Gold
Two months following President Luis Arce’s new law, Bolivia’s Central Bank bought 205 kg of gold to boost its declining foreign reserves. The bank says the new buys are nearly 30% of gold acquired in 12 years. The law paves the way for more gold purchases. This will help increase Net International Reserves (NIR). Bolivia’s […]