Day: September 2, 2020

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.

Agro: foreign currency payments accumulate 12% drop

In August, the liquidation of foreign currency in the agricultural sector reached $1.74 billion, a fall of 23% concerning the same month last year. The accumulated amount in 2020 was $13.35 billion, a decrease of 12.2% compared to the same period in 2019. Thus it is confirmed that the income of foreign currency from the countryside shows an evident decline.