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Dollar and Floating Rate: the Unexpected Measure Luis Caputo Took to “Fit” the Peso Forks
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4 Articles
The economist Carlos Melconian spoke about the value of the dollar - which closed on Friday at $1295 and with an 80 pesos raise since the beginning of July - and said in this regard that "there is a problem that needs to be handled." In that framework, the former president of the National Bank was critical of the government's exchange rate program and assured that the current exchange rate "is not really floating." "The dollar is with a problem …
Luis Toto Caputo no longer has problems in being desperate to raise the famous dollars that Argentines suppose have under the mattress. Even if they keep asking international organizations and perjuring that they are lowering the debt, they are already able to go to a stream that doesn’t see more than 50 people to ask people to buy in dollars and traders to sell in that currency that, despite the loans, is becoming scarcer in the country. The wo…
* Dollar today in Argentina * Stock exchange, markets, Country risk * Interest rates * Indec data * Ads by Federico Sturzenegger * Measures by Luis Toto Caputo
Luis Caputo prioritizes lace and discards direct intervention to manage liquidity. Record maturities are coming.
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