The peso lost 20% of its value last week as markets reacted to a crushing primary election defeat for business-friendly President Mauricio Macri. – EPA pic, August 21, 2019.
ARGENTINA’S new finance minister made stabilising the country’s battered currency his top priority yesterday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires. Hernan Lacunza, a former central bank governor, said “guaranteeing the exchange rate is a first-order objective”.
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