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Argentina's central bank bought $190 million in foreign exchange markets over the past week to weaken its peso currency, a radical change from just months ago when it was spending billions to prop ...
Inflation in Argentina has hit 161%. Its debts, including $45 billion that it owes the International Monetary Fund, are suffocating. Why Argentina's shock measures may be the best hope for its ...
Illegal emigration is departure from a country in violation of emigration laws. Countries often seek to regulate who departs a country for diverse reasons, such as stopping criminals from leaving, preventing labor shortages and capital flight, and averting brain drain.
In late August, a ruling from a New York Court of Appeals determined that Argentina had to pay in full to holdouts from its 2001 default. Moreover, the court determined that if the country does ...
An intense drought, ranking among the world's worst natural disasters in 2018, reduced the production of soy and dried up tax revenue. [13] Later in 2018, the Federal Reserve of the United States increased interest rates from 0.25% to 1.75% and then 2%. This caused investors to return to the United States, leaving emerging markets.
Argentina and Chile share the world's third-longest international border, which is 5,300 km long and runs from north to the south along the Andes mountains. During much of the 19th and the 20th century, relations between the countries chilled due to disputes over Patagonia , though in recent years relations have improved dramatically.
It took months of tough talks for Argentina to reach agreement on restructuring $65 billion in debt. "This was the easy step," Stephen Liston, senior director at the Council of the Americas, said ...
The Brazilian crisis of 1999 probably had the most severe effect, because Brazil is Argentina's largest trading partner, and the crisis was coupled with an appreciating U.S. dollar and a slump in the world prices of primary products. Argentina's competitiveness in world markets was severely hit, given the peso's link to the appreciating U.S ...