Cheap Dollar: Argentines Anticipate Boom in the European Summer and Alert for the Hidden Cost of Appreciation

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Argentina maintains an appreciated exchange rate, which triggers imports, the outflow of dollars for tourism and for profits from foreign companies, The BCRA does not accumulate reserves. Doubts for after October.

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For decades, Argentina tried multiple prescriptions to revive its economy: devaluations, controls, liberalizations, subsidies, openings and closures.But the result remains the same: a country trapped in a persistent stagnation, without getting its GDP per capita to exceed levels of almost half a century ago.For Sergio Drucaroff, executive director of the Chamber of Commerce [...] The post For exporters, the main challenge for competitiveness is …