Milei Taps Unseasonal Source in Search of Dollars in Argentina

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Since the banks have an abundance of USD because of tax amnesty program, they are loaning at reasonable rates to the crop exporters, who then sell in the official market for pesos. Pumping dollars into the central banks foreign reserves. An interesting, long, and detailed explanation

Milei Taps Unseasonal Source in Search of Dollars in Argentina

Faced by a shortage of foreign reserves, Argentina’s central bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.

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