Signaler l'article

Why did Argentina devalue its currency?

(AP Photo/Gustavo Garello, File) BUENOS AIRES, Argentina (AP) — Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with an economic emergency.

Will Argentina devalue the peso?

Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the official conversion rate to 800 pesos per dollar from 365 pesos and comes just days into President Javier Milei’s term.

Will devaluation reduce Argentina's trade deficit?

Part of the goal is to make Argentina’s exports less expensive — and thus more competitive — overseas and reduce the country’s gaping trade deficit. And by making imports more expensive, the devaluation should not only help cut the trade gap but also slow the amount of money leaving Argentina.

La première plateforme de trading de cryptomonnaies au monde

Recevez « Mes cadeaux de bienvenue »