More than 50% went to bonds that pay whatever is the highest amount between the inflation rate and the devaluation of the peso against the US dollar
Markets
Bond auction: Argentine markets take cover from devaluation, inflation
Argentina adopting the greenback would clash with the constitution, augur hyperinflation, and risk default. The consequences would be devastating
Official sources said the recent devaluation was agreed with the IMF, but brought forward in light of the primary election results
Eight different consulting firms are placing this month’s inflation rate between 10% and 15%
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 official figure will be announced next Tuesday, following the primary elections
The country’s international reserves were at negative US$ 3.5 billion before the payment
Net financing so far this year reached more than AR$1.8 trillion
Economy Minister Sergio Massa’s candidacy saw a peak in the S&P Merval in dollars