Argentines Are Desperate for Dollars

[MilHojas]

Argentines Are Desperate for Dollars

(Bloomberg) -- Argentine investors are growing increasingly pessimistic on the peso, betting it’s inevitable the government will be forced to speed up devaluation after November elections.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureForget Palm...

finance.yahoo.com

 

[sergio]

Argentines Are Desperate for Dollars

(Bloomberg) -- Argentine investors are growing increasingly pessimistic on the peso, betting it’s inevitable the government will be forced to speed up devaluation after November elections.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureForget Palm...

finance.yahoo.com

Same old story

 

[toongeorges]

A swift devaluation would help ease the stresses on exporters and lure foreign investment

No it won't. Argentina is too business unfriendly and unstable to lure foreign investment, no matter how cheap the peso is. The lack of investment excaberates the inflation. There is no easy way out of this mess.

 

[MilHojas]

Argentina's informal peso down 2.05%, country risk widens to all time high

Argentina's informal peso rate weakened 2.05% to 195 per dollar on Friday and country risk shot out 19 basis points to an all-time high 1,672 as inflation soars and policy uncertainty mounts ahead of November congressional elections.

www.reuters.com