PRO claims the swap risks pension funds and constitutes fresh debt
Dollar & Peso
The Economy Minister will exclude the social security system from the operation if the analysis determines that the exchange is detrimental
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
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
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