Money in Argentina

Argentina Money | Economic News & Forecasts

Argentina - Money

Mauricio Macri, who triumphed in December’s presidential elections, is quickly moving forward with reform implementation, thus fueling expectations of an economic turnaround. Last month, the new government scrapped export taxes and devalued the currency amid depleting foreign reserves. While the tax reforms and the weaker peso are expected to benefit the country’s exports, the depreciation of the currency will likely fuel inflation, which is already in the double-digits. Moreover, Macri’s government hopes to seal a deal with the U.S. hedge funds over the defaulted debt as soon as this month. A successful deal would give Argentina much-needed access to international capital markets. Recent data show that consumers were less confident in December as the consumer confidence index dropped to a three-month low, likely reflecting concerns of higher expected inflation.

Argentina - Money Data

2010  2011  2012  2013  2014  
Money (annual variation in %)34.6  29.8  38.4  25.7  28.9  

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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 Rate14.370.91 %Feb 05
Stock Market11,400-0.19 %Feb 05

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