VOICED : Argentina pierde USD 2.000 millones en re

VOICED : Argentina pierde USD 2.000 millones en re

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Interactive Video

Business, Social Studies, Economics

9th - 12th Grade

Hard

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Argentina has lost over $2 billion in monetary reserves in 2023 due to economic tensions. The Central Bank's reserves closed at $28.52 billion, partly due to loans to the government for public debt. The country, isolated from global capital markets, relies on official entities for financing. Reserves are also drained by daily currency management and increased dollar demand after lifting currency controls. Since the new regime, nearly 76,000 foreign currency purchases have been made, totaling $41.5 million. Only small savers and professionals can buy up to $2,000 monthly, limited to 20% of their declared income.

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