Industrialists desperate for currency look to China and Brazil as drought hammers reserve outlook
Dollar & Peso
“This is a debt program that deactivates the idea of a bomb,” said Economy Minister Sergio Massa
Officials will meet with banks, insurance companies and mutual investment funds looking to clear March, April, May and June payment deadlines for more than AR$7.5 billion
Government and opposition members accuse each other of destabilizing the economy
Tourists spent US$5 million per day through official channels, five times more than in 2022
Sergio Massa is speeding up conversations with the private sector and aims to create an instrument to clear the financial horizon.
The foreign tourist dollar rate remains in place, but glitches in some apps and delayed reimbursements are causing confusion.
AR$294 billion matured yesterday, and the private rollover is calculated to be somewhere around 85%.
Most of the debt that matures this week is held by the private sector