# Election, devaluation, dollarization: consulting firms weigh in - Buenos Aires Herald

> 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.

- Date: 2023-08-20 · published 2023-08-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/34879-election-devaluation-dollarization-consulting-firms-weigh-in-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Analysts expect continued inflation and uncertainty, which keeps Argentina's currency volatile and can affect the timing of Argentine export sales.

## Read by commodity

- USDARS: bullish ▲

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/election-devaluation-dollarization-consulting-firms-weigh-in

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.