Following another round of extreme devaluation, Argentina's 2023 general election this October poses an additional threat to the already devalued currency. As the saying goes "elections have consequences" but in the case of Argentina, this is clearly an understatement. Economic instability can open the door for extremist politicians and policies, as evidenced by far-right candidate … [Read more...] about Argentinian Peso Risks Further Decline
Finance
Argentina’s central bank makes largest U.S. dollar purchase in past five months
According to sources from Reuters, the central bank bought a total of $855 million in May, representing the largest monthly purchase of greenbacks since last September. Argentina's economic outlook recently improved following a series of incentivized grain exports via a preferential exchange rate which yielded a total of $5 billion. The policy ended on Wednesday. Argentina was also … [Read more...] about Argentina’s central bank makes largest U.S. dollar purchase in past five months