09/05/2013 | Argentina

‘Government not thinking of devaluating’

Deputy Economy Minister Axel Kicillof and Economy Minister Hernán Lorenzino backed the tax amnesty bill proposed by the national government and rejected all devaluation rumours, as they addressed a Senate joint committee.

19/05/2013 | Argentina

'Devaluation would create recession, inflation and debt,' Lorenzino

Facing private-sector analysts who support Argentina’s peso currency devaluation, Economy Minister Hernán Lorenzino insisted a devaluation would only create “more recession, more inflation and more debt.”

20/05/2013 | Argentina

Lorenzino: ''Blue' dollar makes me laugh'

Economy Minister Hernán Lorenzino today played down the black market dollar transactions and revealed the so called "blue" dollar "makes me laugh."

06/05/2013 | Argentina

'Those hoping to profit from a devaluation will have to wait for a different Gov't,' CFK

In a clear signal to the markets, President Cristina Fernández de Kirchner strongly rejected a possible devaluation of the Argentine peso and targeted against sectors advocating for such a measure, as she warned that “those hoping to profit from it will have to wait for a different Government.”

07/05/2013 | Argentina

Aldo Ferrer: 'Out-of-context' devaluation is 'not a solution'

Amid fears over the increasing rate of the so called “blue” dollar which today has hit a new record high, economist Aldo Ferrer warned that an “out-of-context devaluation” will only “make the problem worse.”

07/05/2013 | Argentina

Kicillof to economists: Speculative attacks intent to generate devaluation

Deputy Economy Minister Axel Kicillof warned: “Speculative attacks related to political acts” aim to generate devaluation. He referred to the Argentine history recalling that “consecutive devaluations caused the tendency to find a shelter in dollars.”

12/11/2012 | Argentina

Senator Fernández: 'We'd rather restrict foreign currency exchange, than devaluate'

Victory Front's Senator Aníbal Fernández admitted that the Government had to decide whether to "restrict" the purchase of foreign currency or "facing a social issue over a devaluation."

06/03/2013 | Argentina

'Devaluation to accelerate,' Banco Ciudad president

The President of Banco Ciudad Federico Sturzenegger predicted that the peso’s devaluation in relation to the dollar will begin to accelerate, while the gap between the official and black market exchange rate will continue to widen in the 2013 fiscal year.

22/03/2013 | Argentina

Feletti says some are applying pressure 'to cause devaluation'

National lawmaker Roberto Feletti denied the existence of internal struggles in the National Government due to the skyrocketing exchange rate of the so-called “dollar blue”. However, he denounced the existence of “pressures to cause devaluation”.

20/08/2011 | Argentina

There will be 'no brusque changes' regarding the peso's value, Boudou

Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation to make its exports more competitive, in a scenario in which Brazil is considering devaluating it’s currency for the same reason.

24/09/2011 | Argentina

The worst case scenario for Argentina 'is that Brazil stops growing' UIA warns

Argentine Industrial Union (UIA) head José Ignacio De Mendiguren once again warned that  despite the Brazilian’s real devaluation, the worst-case scenario for Argentina is “that Brazil's economy stops growing. In any area, the difference is of 4 to 1, so if it stops growing, foreign markets will have it harder, the internal market will shrink and we will be in trouble.

04/08/2012 | Argentina

'Devaluation will not magically save us,' De Mendiguren

Argentine Industrial Union head José Ignacio de Mendiguren says he wholeheartedly agrees with President Cristina Fernández de Kirchner’s criticism to those who back a devaluation of the peso, in an interview with Ambito.com

07/03/2011 | World

'Economic policies that benefit some can damage others', Strauss-Kahn warns

International Monetary Fund director Dominique Strauss-Kahn said that the current economic crisis needs "international coordination" and urged politicians to "avoid indulgence and remain vigilant."

09/02/2013 | Latin America

Opposition slams Venezuela devaluation, shoppers fret

Opposition leaders derided another currency devaluation by President Hugo Chávez's government as evidence of economic incompetence, while some anxious Venezuelans hit shops on Saturday in fear of price increases.

21/05/2013 | Latin America

Maligned dollar flourishes in Caracas and beyond

By Juan Forero - The Washington Post

The once-almighty US dollar has lost its lustre in some corners of the world. But there’s one outpost where greenbacks have never been stronger: in socialist, anti-imperialist Venezuela, whose government rails against US-style capitalism as the bane of humanity.