New “Cepo”, Old Problems, No Solutions

Weekly  Reports


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New “Cepo”, Old Problems, No Solutions

Second week
October 2021

Last week the Central Bank again intensified the “cepo”, cutting import payments and making the operation of alternative dollars even more restrictive. You could see it coming. The sale of reserves was unsustainable, and it did not seem very likely that the government would bless a devaluation before the November 14 elections.