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The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
By 2014, following Cristina Fernández de Kirchner use of central bank reserves to prop up the peso, the country had very low foreign reserves and a high inflation. [3] After the 2015 elections, President Mauricio Macri hoped that by lifting the extreme currency controls it would help spark a wave of foreign investment that would help battle ...
The Central Bank of the Argentine Republic (Spanish: Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity.. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability ...
The Ministry of Foreign Affairs, International Trade and Worship (Spanish: Ministerio de Relaciones Exteriores, Comercio Internacional y Culto; abbreviated MRECIC), informally referred to as the Chancellery (Spanish: Cancillería), is the Argentine government ministry dealing with the foreign relations of Argentina, Argentina's foreign policy, international development, international trade ...
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
Argentina, [C] officially the Argentine Republic, [A] [D] is a country in the southern half of South America.It covers an area of 2,780,085 km 2 (1,073,397 sq mi), [B] making it the second-largest country in South America after Brazil, the fourth-largest country in the Americas, and the eighth-largest country in the world.
Riot control vehicle of the Policía Federal, Buenos Aires, 2008 The Argentine Federal Police (Spanish: Policía Federal Argentina or PFA) is the national civil police force of the Argentine federal government.
The Spanish dollar, also known as the piece of eight (Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.