Argentina Inflation Hits 32 Year High
Argentina’s monthly inflation rate was 12.4% in August.
Breaking News
Javier Milei Leads Argentina Election Race
The libertarian, Javier Milei is the frontrunner to win the October 22 general election in Argentina.
Argentina Election Sweeteners
As you all know, Massa the economy minister, has issued a load of sugar coated $$ bribes leading up to the elections, one of which is a loan of up to AR$4m with a fixed rate of around 55% over 48 months (central bank rate is 112%) for self employed and/or those who have their tax affairs in order.
The general idea for people that I know is to get the loan and buy dollars immediately.
Clearly the IMF is really pissed off by these electioneering state subsidies, which the organisation has frequently warned against.
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