Argentina, social movements call government decree for debt with IMF boosts inflation

teleSUR English

In Argentina, social movements have raised concerns over a government decree that allows for a new loan agreement with the International Monetary Fund (IMF). teleSUR

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00:00Argentina closed Thursday with $26.7 billion in reserves, the lowest figure since September

00:062024, having an impact on the dollar exchange rate in the black market.

00:12After having passed the Malays' decree for a new indebtedness with the International

00:17Monetary Fund, the dollar was worth 1,300 pesos in the illegal market.

00:23Experts estimated that the dollar exchange rate in the black market had triggered the

00:28reversion of the upward trend somehow.

00:30However, they pointed out that this market couldn't help inflation lately.

00:36In this context, Economy Minister Luis Caputo labeled such inflation as an expected volatility.

00:42Nonetheless, analysts wondered how much more the central bank could uphold without the

00:47entry of fresh funds.

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