Argentine Peso gains strength as IMF agrees to more central bank flexibility

Tuesday, April 30th 2019 - 09:59 UTC

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Argentina’s embattled peso gained strength on Monday after the central bank said it would ease limits on its foreign exchange market interventions, signaling its willingness to sell reserves in an effort to better control the volatility of the local currency. The peso began the session up 3.37% and closed 3.56% stronger at 44.37 per U.S. dollar. Read full article

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Enrique Massot
The IMF is bending its own policies as it does all it can to prop Macri as much as it can prior to the October presidential election.

Of course, monetary tricks only work for the short term in a weakened economy that has been deprived of most of its productive components, but then again, who cares as long as the darling of the markets gets re-elected?

For the US-IMF team, what counts is to install as many friendly governments in Latin America as possible, while isolating and demonizing the others in the name of a re-discovered Monroe doctrine.

Of course, in the name of what they believed they could act as sovereign countries?
Apr 30th, 2019 - 05:55 pm - Link - Report abuse -1
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