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Joined 10 months ago
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Cake day: October 25th, 2023

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  • Yes in normal countries. But Argentina has an official fixed rates that is unrelated to reality. This means there are two exchange rates, the official one and the real one. Thie measure just puts the official one closer to the real one. And as Argentina uses gov money to pay the official rate thus this reduces the gov expenses and in the long term it stabilises the currency. Yes, in the short term its a shock to the economy making some thins more expensive (for those that had access to the gov rate) but its just bc before the gov subsidised those things indirectly.

    Most of the ideas of this president are actually good. Its just a shame that he has to insult and act to apply them. He’s just doing what the IMF has proposed for years and telling everyone it’s a revolution.