Salto cambiario o crawling-peg acelerado, esa es la cuestión

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FX Leap or Fast Paced Crawling-Peg, That Is the Question

Fourth week
July 2020

Even though history never repeats itself perfectly, the current situation has much in common with the conditions prior to the January 2014 devaluation when Axel Kicillof was Minister of Economy and Juan Carlos Fábrega headed the Central Bank. At that time, there was a discrete 23% rise in the exchange rate considering all January, with a 10.6% rise on January 23rd.