The economy ministry announced a series of measures to combat record inflation

The reserves are at a critical level after an interest payment to the International Monetary Fund

It is the highest monetary policy rate in 20 years

The measure aims to mitigate the Central Bank’s dollar scarcity

The gap between the official and the informal dollar exchange rates reached 111% today

The emergency measures were taken to contain a surge in parallel US dollar exchange rates and the international reserve scarcity

Last year’s fourth-quarter bonanza, with a net repatriation of over US$ 166 million ended in the first two months of 2023.

Government fears “flight of more pesos to the dollar”: sources

The Central Bank has once again enabled banks to place peso investments in Mutual Funds, after a surprise rate hike that aimed to contain dollar prices sparked controversy this week. …