1. Argentina.
- Subjects
FOREIGN exchange ,INTERNATIONAL finance ,RESERVES (Accounting) ,PRICE inflation ,MONETARY policy - Abstract
The article discusses the need for the Argentinian government to devise a new strategy as its foreign currency reserves was estimated to have fallen by around 2.85 U.S. dollars in January 2014. It notes the Argentinian peso's depreciation of 11% reaching 8 Argentinian pesos to a U.S. dollar. It points out that Argentina must decisively overcome currency speculation and rising inflation to prevent a serious monetary crisis and stabilize its international reserve.
- Published
- 2014