Released in the first week of the month, the report assesses monetary and financial developments in Argentina. There is no doubt that the country has had an uneven economic performance. Since the country returned to Democracy in 1983, the Central Bank of Argentina has had 24 Presidents (approximately one President every one and a half year). At the same time, thirteen zeros had been removed from its currency between 1969 and 2020, amid instability in the domestic currency and high inflation.
The country implemented several monetary policy and exchange rate frameworks (ranging from strict currency pegs to freely floating, inflation targeting, etc.) and defaulted and restructured its debt four times over the same period. Keeping that in mind, the report reviews the key latest developments in the monetary and financial field, including the debt renegotiations with private debtors and international institutions, trends in foreign exchange rates and gaps of the Argentinean peso, real exchange rate dynamics and the most recent Central Bank policies (monetary financing and sterilisation, exchange rate policies, etc.). In such an environment, local expertise is essential to understand developments and to exploit business and trading opportunities.
