Central Bank of Argentina

Yes, Argentina can replace the peso with the US dollar

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Yes, Argentina can replace the peso with the US dollar

The Central Bank of Argentina Argentines gave up on their peso long ago. They now hold some $200 billion in cash, second only to the cash holdings of US citizens. With expectations for 186% inflation over the next 12 months adding insult to injury, it is little wonder that Argentines increasingly support presidential candidate Javier … Read more

Argentina raises policy rate to 133% as crisis deepens

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Argentina raises policy rate to 133% as crisis deepens

Central Bank of Argentina The Central Bank of Argentina (BCRA) ordered another large increase in its policy rate on October 12, as inflation jumped and the national currency shrivelled on informal markets. Policy-makers raised the Leliq rate by 15 percentage points to 133%. Since January 2022, the central bank has more than tripled its policy … Read more