WHY THE DOLLAR IS FALLING IN ARGENTINA TODAY
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The dollar in Argentina has experienced a recent decrease due to several reasons:
Reduction of Interest Rates: The Central Bank of the Argentine Republic (BCRA) has reduced interest rates from 40% to 35%, which has influenced the appreciation of the peso.
Inflow of Foreign Currency: The agricultural sector has liquidated more than 2.5 billion dollars in October, which has improved the country's reserves.
Inflation Expectations: It is expected that inflation will continue to decrease, which has led to adjustments in interest rates and has affected the value of the peso.
Firm Monetary Policy: The government has reaffirmed that there will be no devaluation of the peso and has committed to maintaining a zero financial deficit.
These combined factors have contributed to the recent decrease of the dollar in Argentina. If you need more information or have any other questions, let me know! 🚀💰