-- Argentina’s central bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, a move Economy Minister Luis Caputo called “a deepening of the monetary framework.”Griffin, Singer Met With Trump About Funding White House Bid
Caputo, who is at the Sun Valley Conference in Idaho with Milei, said the monetary authority will sell dollars in one of the parallel FX markets, known as the blue chip swap or contado con liquidacion, to offset the emission of pesos from purchasing dollars at the official exchange rate. The steps would likely exacerbate ongoing market concerns that the government is letting the official exchange rate become too overvalued by maintaining strict currency controls. They would also further impede the central bank’s ability to accumulate foreign reserves needed to lift the controls at some point, and eventually repay $44 billion to the International Monetary Fund as well as return to international debt markets.
“We need to get those pesos out of the street, and it is going to make the exchange gap fall,” Milei said, referring to the market intervention.These four TSX dividend stocks could boost your passive income. The post TFSA Passive Income: 4 Stocks to Buy and Never Sell appeared first on The Motley Fool Canada.Let's dive into two of the top bank stocks in Canada, and compare and contrast why investors may or may not want to invest in these names. The post TD Vs.
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