Beware of robber banks (RB), bad advisors.
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Nobody Wants Pesos: Argentine Currency Meltdown Upends Business
Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods. Measures including taxes on greenback purchases and demands that some companies restructure their dollar-denominated debts have misfired, propelling the gap between the official and the black market exchange rates to the widest since 1989 while failing to boost international reserves. Some analysts warn a large devaluation may be on the horizon despite President Alberto Fernandez’s public opposition to the idea. Controls ... (full story)
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- Oct 24, 2020 1:16pm Oct 24, 2020 1:16pm
- Not-KPMG
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Oct 24, 2020 4:44pm Oct 24, 2020 4:44pm
- RossEdwards
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Warning: A Dangerous Subversive: 1% of comments CoCed
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- pamc
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