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Argentina shocks currency back to life with rate hikes Argentina shocks currency back to life with rate hikes ... Buenos Aires: Argentina's government and central bank jolted the country's battered peso currency back to life on Friday with a set of announcements intended to restore confidence in the president's ability to deliver sustainable growth while cutting ...
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Argentina Raises Key Rate to 40%, Bringing Economic Uncertainty That decline in the peso has accelerated in recent days, as foreign investors began to see their returns vaporized by the falling currency. People moved to the exits, in part because of a new income tax on foreign investors. As more and more investors pulled out, Argentina was suddenly facing a currency ...
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