Free Republic 1st Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $74,463
91%  
Woo hoo!! And we're now over 91%!! Thank you everyone!! God bless.

Keyword: argentinacurrency

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  • Argentina's central bank hikes rates to 60% as the currency collapses

    08/30/2018 10:50:10 AM PDT · by Red Badger · 33 replies
    cnbc ^ | 08/30/2018 | Sam Meredith
    Investors are increasingly concerned Latin America's third-largest economy could soon default as it struggles to repay heavy government borrowing. The peso is down more than 45 percent against the greenback this year, exacerbating pre-existing fears over the country's weakening economy and inflation running at 25.4 percent this year. "I know that these tumultuous situations generate anxiety among many of you ... I understand this, and I want you to know I am making all decisions necessary to protect you," Macri said. Argentina is struggling to cope with yet another financial crisis. Investors are increasingly concerned Latin America's third-largest economy could...