Peso posts sharpest weekly fall since Milei took office

[RichardAlem]

i am not sure i understand your comment;

You relate it to supply; i relate it to confidence..
There was confidence in Milei.. and basically it vanished due scandals.. due elections.. due that the numbers are regressing..
Nothing is going in his favour at this moment.
Anyway:

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[RichardAlem]

Waldo, the comment was nonsensical. Argentina is awash with pesos and has been for many years as successive governments have tried to print their way out the deficit hole. It didn't work for Zimbabwe, Greece, Hungary, Yugoslavia or the Weimar Republic and it won't work here. History may not repeat, but it surely rhymes.

The IMF has admonished Argentina over and over again about trying to print their way out of the hole. Argentina tells them what they want to hear, the IMF issues the funds and BCRA prints anyway. Arguing about it is as futile as arguing about how many angels can dance on the head of a pin. With that said, if you're interested, here's one illustrative article of many.

I've been here a long time and in terms of fiscal and monetary discipline, nothing really changes. Just variations on a theme, distinctions without differences.

Four questions (and expert answers) about Argentina’s new $20 billion financial rescue

What exactly did the IMF agree to, and what is required of Argentina? Our experts dive into the deal and map what comes next.

www.atlanticcouncil.org