The Central Bank also increased the interest rate by 21 percentage points
Economics
2023 electionsDollar & PesoEconomicsPolitics
Government devalues currency 22% amid electoral tension
They announced a series of measures to be implemented in the week after the primaries
For the first time since February, the Economy Ministry did not offer US dollar-linked bonds
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
Horacio Rodríguez Larreta’s economic adviser spoke with the Wilson Center’s Latin America Program
The informal exchange rate rose by ARS$22 over the course of Monday
The inter-annual figure was 117.9%