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...
New “Cepo”, Old Problems, No Solutions
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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.
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