Milei tightens grip on Argentina's currency market left awash in pesos

[MilHojas]

Milei tightens grip on currency market left awash in pesos

President’s economic team sends a signal to the market that it still has an iron grip on Argentina’s money supply, a key ingredient to thwarting inflation, stabilising the peso – and his high approval ratings.

www.batimes.com.ar

 

[Che1990]

I don’t understand it but it doesn’t sound good. The blue went to 1350 and came back down to 1280.

“Flotación asistida”

 

[Caribbean Cool]

Instability can be as distructive as depreciation. Or worse.

 

[LuckyLuke]

It's all very ominous as far as I'm concerned. There was an article here recently that highlighted that the stabilization of prices was not in fact from "disinflation" as the government likes to use insomuch as falling demand. I.e. producers simply can't raise prices further without further eroding market share. Imagine then a roaring dollar blue and producers trying to use the ol' "but the blue rate rising means our costs are rising" trick to try to raise prices even further...it bodes very ill for those left still earning in pesos who will experience no reprieve.

 

[Che1990]

It’s amazing how the libertarian press are reporting on the dollar going up https://www.iprofesional.com/finanz...-dolar-mas-atractivo-como-impacta-en-economia