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Argentina Peso Crashes After Bailout - Joe Blogs
In this video I provide an update on the situation in Argentina. Javier Milei has agreed additional loan facilities of $20 Billion with the IMF and $12 Billion with the World Bank. This means that Argentina is now the most indebted nation in the world with those organisations. However the deals have come at a cost as Argentina has now removed its currency cap which is effectively a devaluation of the Peso. Will these new deals be the turning point for Milei and Argentina?
Chapters:
0:00 Intro
0:28 IMF
1:43 WORLD BANK
4:20 DEALS & ISSUES
5:38 PESO
9:27 INFLATION
13:26 FOOD INFLATION
14:30 SUMMARY & CONCLUSION
2 replies
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