The Central Bank intervened in the financial dollar exchange rate by trading bonds today. The Fund recommended strict limits on this activity in its last review of the country’s deal
Economics
The currency exchange gap reached over 120%
The gap between the official and the informal dollar exchange rates reached 111% today
Massa to seek further funding in trip to Uruguay
The Economy Ministry confirmed it will start an administrative inquiry into Max Capital
Austerity measures could not compensate for the drought decimating revenue
The market was “somewhat indifferent” to the president’s drop out of the elections, analysts say
The destitution threshold in March was AR$87,719 for a family of four, while the poverty line was AR$191,228
The emergency measures were taken to contain a surge in parallel US dollar exchange rates and the international reserve scarcity