Having lost more of its value than any other major currency in the world this century, the Argentine peso has long been seen as far too unstable to lure carry-trade investors. But in a sign of just ...

BUENOS AIRES, Argentina — The International Monetary Fund disbursed on Tuesday the first installment of Argentina's new $20 billion bailout after President Javier Milei removed most of Argentina’s ...

BUENOS AIRES, Argentina -- President Javier Milei on Friday announced that he would lift most of the country's strict capital and currency controls next week, a high-stakes gamble made possible by a ...

Argentina's economic burdens have spawned a number of dollar-peso exchange rates. It's the result of the government's capital restrictions on dollar outflows. They include a black market dollar rate, ...

Argentine currency controls have supported the official peso rate, but driven savers to alternative markets to buy dollars, creating a wide gap between the official and parallel rates.

Argentine bank stocks, including Banco BBVA Argentina (NYSE:BBAR), Grupo Financiero Galicia (NASDAQ:GGAL), and Grupo Supervielle (NYSE:SUPV), sank by more than 6% each in early Wednesday morning ...