Eight different consulting firms are placing this month’s inflation rate between 10% and 15%
Dollar & Peso
2023 electionsDollar & PesoEconomicsPolitics
Government devalues currency 22% amid electoral tension
The Central Bank also increased the interest rate by 21 percentage points
The informal dollar has jumped 21.6% in the last 30 days. Analysts say it is a reflection of the market’s uncertainty regarding the economy
The government raided informal dollar exchange houses known as ‘cuevas’
The official figure will be announced next Tuesday, following the primary elections
The informal exchange rate rose by ARS$22 over the course of Monday
The country will receive an equivalent of US$755 million it will use to meet its interest payment deadline
The decision was made to stop an arbitrage maneuver that further deepened the international reserve scarcity
Unyielding stress continues on the peso despite Central Bank positive balance