Argentina: US dollar recoils after Minister Massa's measures

Thursday, April 27th 2023 - 10:32 UTC

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After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires. Read full article

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Pugol-H
Doesn’t actually say what ‘measures’ he took other than to plan to borrow more money, hard currency at least, which has to be better than printing Pesos.

But still has to be paid back, in hard currency.

And which at best can only be a temporary measure anyway.

Where do you go from there???

Magic wand time, a Unicorn intervention maybe???
Apr 27th, 2023 - 11:07 pm - Link - Report abuse 0
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