With each passing week the feeling that the Argentine economy is approaching the one we experienced in the eighties cannot be avoided. It does not mean that the situation will be exactly the same nor...
More FX Controls Only Buy Time and Generate Costs
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More FX Controls Only Buy Time and Generate Costs
Fifth week
August 2022
The Central Bank has been buying dollars in the foreign exchange market for 11 consecutive rounds. In any case, it is highly probable that the balance for August will be negative, after a negative July. When the CB sells, it sells a lot and when it buys, it buys little. Meanwhile, for more than 3 weeks, a mechanism has been sought to give exporters an incentive to increase the supply of dollars. It is quite clear that there are no easy solutions because otherwise they would have already been implemented.
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