This comes exactly 2 months after Argentina's central bank raised rates to a record 133%.
Argentina has averaged a 40% inflation rate per year over the last 10 years.
Is this last ditch effort going to work?
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) December 12, 2023
BREAKING NEWS
ARGENTINA HAS DEVALUED THE PESO BY 54%
54% of purchasing power gone with the wind.
— Gold Telegraph ⚡ (@GoldTelegraph_) December 12, 2023