Argentine peso needs devaluing, Goldman Sachs report says

Wednesday, December 22nd 2021 - 11:36 UTC

Full article 4 comments

A macroeconomic report from Wall Street operators Goldman Sachs released Tuesday has warned that “without fiscal or monetary anchors” the country is up for strong “headwinds” in 2022 and 2023 and, therefore, “the peso needs to be devalued.” Read full article

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Marti Llazo
The “official” valuation of the ARS against the dollar is about double what it really is when considering the freely traded blue dollar and exchanges outside the country. But this is characteristically Argentine, where everything is in reality worth about half or less of what they with such arrogance and imagination pretend it to be. Canam mihi et res non semper - the true lema for the country.
Dec 22nd, 2021 - 12:33 pm - Link - Report abuse 0
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Brasileiro
I cannot understand why they make this correlation with the Empire currency. We don't need the dollar for nothing.
Dec 22nd, 2021 - 01:47 pm - Link - Report abuse -2
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Marti Llazo
@brasilote,

Don't like hard currency? We all know what happens when a latam currency becomes worthless against the dollar. And why the Argentos and now the Chileans are getting more and more dollars to stuff their mattresses. Since Red October of 2019 the Chileans have been trading in lots of CLP for USD. After the Boric election the CLP has truly crashed.
Dec 22nd, 2021 - 03:44 pm - Link - Report abuse 0
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Chicureo
Marti Llazo

With all due respect - our currency is solid and we are allowed maintain USD accounts in Chile.

My country fortunately has an autonomous institution of constitutional rank which is why I’m not worried about our economy.

Obviously not happy with new administration — but we’re not in a crisis like the rest of Latin America.

¡Saludos de Chile!
Dec 22nd, 2021 - 05:20 pm - Link - Report abuse 0
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