Argentina Exchange Rate

ARGENTINA EXCHANGE RATE

Argentina is an economic, financial, political and social tragedy. The country declined from being the 10th wealthiest nation to the 36th wealthiest in 1998. Argentina is the only wealthy country to experience so great a reversal in recent history. Currently in a financial crisis, Argentina faces fewer prospects for positive economic growth in the future.
Poor economic policies and political instability contributed to Argentina’s current state. The International monetary fund’s loans and guidance have aggravated Argentina’s problems as well as self inflicted problems through profligate and corrupt spending by argentina.
Problems began with the hyper inflation of the 1980s. to slash this, anchoring the currency to the dollar was to be done, otherwise the country’s real exchange rate would appreciate, demand for its exports fall and unemployment increase, dampening wage and price pressures. According to Edwin Truman, from the Institute fo...