The Economy Minister will exclude the social security system from the operation if the analysis determines that the exchange is detrimental
Dollar & Peso
Agency cuts foreign currency rating to “C” from “CCC-” following debt withdrawal announcement
Finance representatives who met with the minister voiced support for the measure
Dollar & PesoEconomicsMarkets
Government to withdraw US$ 4 bn of Argentine debt to control the dollar
The economy ministry’s measures come after the blue-chip swap rate broke records
The IMF board is expected to approve a U$S 5.3 billion disbursement next week
Faced with a historic drought and a dire international financial landscape, consulting firms expect more capital controls.
Government fears “flight of more pesos to the dollar”: sources
BusinessDollar & PesoEconomics
Business leaders concerned about lack of dollars despite new bank reserves goal
Industrialists desperate for currency look to China and Brazil as drought hammers reserve outlook
“This is a debt program that deactivates the idea of a bomb,” said Economy Minister Sergio Massa