Money in Argentina

Argentina Money | Economic News & Forecasts

Argentina - Money

Argentina’s growth remains at a standstill as the transition into a market-oriented economic model is proving difficult. The economy fell into recession in Q1 and most likely had another disappointing performance in Q2. Exports contracted at a double-digit rate in June mainly due to the deep recession in Brazil—Argentina’s main trading partner. Moreover, industrial production contracted for the fifth consecutive month and consumer confidence remained in contractionary territory in July. That said, in the same month, the Central Bank’s reserves hit a 10-month high after the sale of nearly USD 3.0 billion in bonds with maturities of 12 and 20 years. Economic sentiment has been negatively affected by high inflation and by the removal of utility subsidies. The massive layoffs that President Mauricio Macri’s government has been undertaking since he took power in December 2015 and the increase in tariffs have provoked protests and strikes across the country. Growing public discontent has caused Macri’s approval rating to drop considerably in recent months.

Argentina - Money Data

2011  2012  2013  2014  2015  
Money (annual variation in %)29.8  38.4  25.7  28.9  28.2  

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Argentina Money Chart

Argentina Money
Note: Annual variation of M2 in %.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate15.02-0.55 %Aug 30
Stock Market15,872-1.01 %Aug 30

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