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Consulting firms said the 22% peso devaluation, which followed the libertarian primary win, was not part of a comprehensive plan and would not stabilize the economy. Government officials said the IMF required the devaluation as a condition for a US$7.5 billion disbursement.
Analysts expect continued inflation and uncertainty, which keeps Argentina's currency volatile and can affect the timing of Argentine export sales.
buenosairesherald.comFacundo IglesiaAug 20, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
