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Close Topic OptionsArgentina Business - Argentine Economy - Page 4 of 4
Argentina discloses poverty data after three-year - Page 4 - Politics, Business, Civil, History - Posted: 1st Oct, 2016 - 11:52am
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Argentina Economy - EconomicsArgentina Business - Argentine Economy - Page 4
Argentina has floated the peso vs the US dollar. While it will encourage investment I have concerns that it may take Argentina towards the path that Venezuela has already arrived See this. It is not easy to bring down a 30% inflation rate and the move might actually increase the inflation rate. Oddly enough the US Federal reserve has raised interest rates to 2.5% meaning the cost of doing business with the US will also increase.
QUOTE There are concerns the lifting of currency rules could lead to a run on banks by Argentines eager to buy dollars. The nation's foreign reserves are just over $24 billion, a very small amount for an estimated $600 billion economy. Ref. Source 7v
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TOPIC: Argentina Business - Argentine Economy