VOICED : Peso argentino se derrumba tras eliminacion del cepo

VOICED : Peso argentino se derrumba tras eliminacion del cepo

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Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

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The transcript discusses the sharp rise of the Argentine peso against the dollar following the removal of currency controls. Argentinians can now purchase foreign currency without restrictions, fulfilling President Mauricio Macri's electoral promise. The lifting of restrictions was demanded by various sectors due to the economic distortions it caused. However, concerns about economic consequences, such as lower wages and increased poverty, are raised. The Central Bank is prepared to intervene if necessary to stabilize the market.

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OPEN ENDED QUESTION

3 mins • 1 pt

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