Português 
Inglês 
Espanhol 
1 min de leitura 
0 comentários 
The Exchange Rate Is Now Essential For The Economic Well-Being Of Argentina, Being Crucial For The Stability Of Millions Of Argentines Facing Triple-Digit Inflation. It Is A Paramount Concern That Cannot Be Ignored. The Need To Balance The Exchange Rate Is An Undeniable Priority For The Government And For The General Population, Who Depend On Effective Economic Policies To Ensure A Prosperous Future.
He Expresses His Own Prediction: “The increase Will Surely Come.”
Diana, The Owner Of The Tool Store, Also Anticipates An Increase – At Least Until Argentina Can Eliminate Parallel Exchange Rates And The Central Bank Accumulates Reserves. However, She Remains Hopeful That Conditions Will Improve.
-
Offshore industrial demand in Macaé skyrockets with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.
-
Offshore industrial demand in Macaé surges with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.
-
Brazilian giant expands borders in the Southeast: Petrobras confirms new oil discovery in ultra-deep waters in the pre-salt of the Campos Basin.
-
Alert in the global energy market: Severe tropical cyclone hits the coast and disrupts gas production at major plants in Australia, threatening global supply.
It Is Essential That The New Administration Generates Confidence To Mitigate The Inflationary Effect Of All The Corrective Measures That Will Need To Be Faced And Implemented In The Short Term,” Says Castiglioni.
‘The Increase Will Surely Come’
Even Without A Strong Devaluation On Tuesday, Argentines Are Waiting To See What Will Happen With The Argentine Peso.
Alexi Hoyos, Owner Of A Butcher Shop In A Middle-Class Area Of Buenos Aires, Reports That People Have Already Stocked Up On Meat And Are Now Holding Back Amid Uncertainty.
Milei’s Plans For The Argentine Economy
Shortly After Being Elected President, Milei Expressed His Intent To Initially Focus On Correcting The Various Distortions Affecting The Argentine Economy, According To Maria Castiglioni, Director Of The Economic Consultancy C&T Asesores Económicos.
Milei Also Declared His Intention To Implement Broad Deregulation And End Restrictions On The Purchase Of Foreign Currency, Which Have Hampered Foreign Trade And Resulted In The Proliferation Of Exchange Rates. In Addition, He Aims To Eliminate Price Controls And Restructure The Central Bank’s Balance Sheet. His Plan Includes Increasing dollar Reserves, Which Are Currently Practically Exhausted, And Eventually Closing The Central Bank. **These Measures Are Part Of His Strategy To Stabilize The Country’s Economy.**
Before The Recent Price Increases, She Stocked Her Freezer With Meat, In The Expectation That It Would Last At Least Until The Year-End Holidays.
“It’s Not Completely Full, But There’s A Significant Amount There,” She Says. She Preferred Not To Reveal Her Last Name Due To The Illegality Of Trading Foreign Currency Illegally. She Reveals That She Receives A 20% Commission For Each Client She Can Find. “At The Moment, It Doesn’t Pay To Have A Job Here In Argentina, As Salaries Are Very Low.”
To Obtain This Quote, Visitors Mainly Head To The Pedestrian Street Of Florida In Buenos Aires, Where Currency Exchange Operators Whispering “Exchange” Can Be Heard At Short Intervals. Tax Enforcement Agents Are Also Present On The Street, But Their Presence Is Not Very Effective In Stopping Illegal Activities.
Giselle, An Illegal Currency Trader, Announces “Exchange” In Several Languages To Attract Potential Clients. She Voted For Milei And Expresses Hope That His Dollarization Plan Will Succeed, Even If It Leaves Her Unemployed. She Envisions Working In The Health Sector, Possibly Caring For Patients In A Hospital. **It Is Expected That The Proposed Dollarization Measures By Milei Will Have A Positive Impact On The Country’s Economy.**
Milei, Who Self-Identifies As An Anarcho-Capitalist, Claims That His Goal Is To Abolish The Central Bank And Proposes Adopting The Dollar As The National Currency As A Way To Control Inflation. He Linked This Idea To His Campaign So Closely That His Supporters Were Carrying 100 Dollars With The Candidate’s Image Printed During Rallies.
The Government Has Been Increasingly Restricting Access To Foreign Currency, Resulting In The Growth Of The Parallel Market. Despite The Central Bank Setting The Value Of The Dollar At 356 Pesos, In The Main Exchange Market, Known As “Dollar Blue,” The Value Is Nearly Three Times Higher.
Fear Of Price Increases After National Holiday
On The 20th, Coinciding With A National Holiday, Many Consumers At A Commercial Establishment Decided To Stock Up On Non-Perishable Items Such As Tuna, Water, And Pasta, Out Of Fear Of Possible Price Increases After The Electoral Period. This Information Was Reported By The Store Manager, Javier, Who Preferred Not To Disclose His Last Name For Authorization Reasons. The Next Morning, The Supermarket Subtly Increased Prices On Basic Items Such As Milk, Cheese, And Pasta.
The Prices Are Also Subject To Pressure From A Weaker Currency, Resulting In An Increase In The Cost Of Imports. Milei, An ‘Outsider’ And Right-Wing Populist, Has Also Criticized The Central Bank For Recklessly Printing Money To Fund Government Spending. **Inflation Is One Of The Main Reasons Voters Chose Milei, Who Promised To Implement Drastic Measures To Curb The Price Increases, Such As Deep Cuts In Public Spending And The Dollarization Of The Economy.**
Diana, A Travel Enthusiast Who Recently Explored Miami, Shares That She Was Apprehensive About News Of Possible Economic Instabilities During The Argentine Transition Post-Long Weekend. Fortunately, The Major Devaluation Did Not Materialize, But The Value Of The Dollar In The Parallel Market, Known As “Dollar Blue” In The Country, Increased By About 13%, Bringing A Sense Of Relief.
The Argentina Faces An Annual Inflation Rate Of Over 140%, Making The Exchange Rate Of The Peso Against The Dollar A Crucial Indicator Of The Country’s Economic Situation. This Affects Millions Of Argentines Facing Triple-Digit Inflation. The Uncertainty About Prices Increased During The Electoral Campaign, Leading Many Argentines To Stock Up On Goods And Form Lines At Gas Stations To Avoid Future Price Increases After The Elections. On Tuesday, Local Press Reported A Significant Increase In Prices Made By Wholesalers.
The Exchange Rate Indicator Between The Argentine Peso And The Dollar Has Become An Important Thermometer Of The Country’s Economic Situation, Being Of Extrem Importance For Millions Of Argentines Facing High Inflation. They Are Aware Of The Impact That A Possible Devaluation Of The Peso Would Have On The Cost Of Living, And Now Anxiously Watch What Milei’s Victory On Sunday, The 19th, Represents For The Value Of The Currency, Which Has Seen A Significant Drop Against The Dollar Over The Past Year.
Impact Of Javier Milei’s Victory On The Argentine Economy
As Soon As Leandro Francisco Diana Woke Up On Tuesday (21), He Grabbed His Smartphone, Like Many Inhabitants Of Argentina On The First Business Day After The Electoral Victory Of The Elected President, Javier Milei.
“I Opened My Eyes, Grabbed My Cell Phone And Checked The Dollar Quote To See How The Country Had Woken Up,” Says Diana, 26, Who Owns A Tool Store With His Father In Villa Crespo, A Middle-Class Neighborhood In Buenos Aires.
Milei’s Victory Generated Great Expectation And Concern Regarding The Future Directions Of The Argentine Economy.
Source: InfoMoney
Seja o primeiro a reagir!