External Tailwind, Intervention, and the IMF: An Impossible Trinity

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External Tailwind, Intervention, and the IMF: An Impossible Trinity

Enero 2021

What a difference a month can make: The game changer has been the rapid and significant increase in the price of soybean, which now stands at around 506 dollars a ton, roughly 50% higher than a year ago.  This jump in the price has suddenly soothed the concerns about a continuous drop in reserves and about a steep devaluation of the peso, that until recently was considered unavoidable.