Urgent Need for a Stabilization Plan

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Urgent Need for a Stabilization Plan

Second week
October 2020

The parallel dollar hitting 167 pesos set off all the alarms once again. The rumor mill prior to a long weekend anticipated new measures. They have not happened so far. The more it takes to find a consistent economic plan, the worse the damage will be. Net and liquid reserves barely amount to USD 1 billion. At this pace, they will be gone by the end of this month.