Day: April 16, 2020

Argentina’s international reserves fall $22 mn, and dollar CCL rises 1.3%

The BCRA’s International Reserves fell by $22 million to $43.87 billion. The cash dollar (CCL) rose 1.37 pesos, 1.3%, to 108.79 pesos; therefore, the exchange rate gap was 65.8%. The MEP dollar, which arises from the purchase and sale of bonds in the Buenos Aires stock exchange, rose by 2.06 pesos, 1.9%, to 108.32 pesos, leaving a spread of 65.1% leaving a spread of 65.1% with the price operated in the Single Market and Free Exchange (MULC).

March inflation was 3.3% in Argentina

Inflation accelerated in March by 3.3%, affected mainly by the rise in seasonal goods and services, to be above the estimates made by private analysts. The inter-annual variation, on the other hand, registered an increase in the Consumer Price Index of 48.4%.

Argentina’s fledgling lithium sector clipped by coronavirus

The country hoped a $2.1 billion lithium export market, according to a government presentation, up from $190 million last year when it shipped 50,000 tonnes of the white metal. Argentina’s push to grow lithium exports had already faced challenges, with rivals such as Australia and Chile developing deposits faster and a global price drop hurting investment.