Bilateral trade with Brazil closed August with a $107 million deficit

The commercial exchange with Brazil during August left a deficit of US$ 107 million for Argentina, higher than the $42 million negative balance registered in the same month last year. Argentine exports to Brazil fell 25% year-on-year in August, totalling $619 million, while imports from that destination fell at a lower rate of 16.3%, totalling $726 million.

The government says it needs to inject $170 billion worth of money out of the system into the economy

The government says it needs to have the $170 billion that Argentines treasure. Any government, no matter how biased, requires that a portion of the treasured dollar be put back into circulation in the economy. 10% of that treasure channelled into domestic spending or investment could improve the economy, and gives an idea of what the economy is missing, and a reminder to policymakers. The truth is that Argentines who have saved in dollars outside the system did so for a reason.