tyb
o7
fucking ayyy
who you calling dumbfuck trumptards
Thats Mr Dumbfuck Trumptards and proud of it, staying comfy is easy when you are part of the plan.
why can we not have immigrants like this flooding the border instead of all the nigers
NOTABLE AND IT BEGINS OR HABBENING
CURRENY WARS - CANNOT FUCK WITH THE BANKSTERS - B.I.S AND I.M.F ECONOMIC BOMBS
This article is more than 4 months old
Argentina’s inflation rate soars past 100%, its worst in over 30 years
This article is more than 4 months old
Annual rate of 102.5% is denting purchasing power, savings, economic growth and government’s chances in elections next year
https://www.theguardian.com/world/2023/mar/15/argentina-inflation-rate-100-percent
People walk by a greengrocer on Wednesday in Buenos Aires. The official inflation rate hit 102.5% in the last 12 months, the worst figure since 1991. Photograph: Tomás Cuesta/Getty Images
Argentina
This article is more than 4 months old
Argentina’s inflation rate soars past 100%, its worst in over 30 years
This article is more than 4 months old
Annual rate of 102.5% is denting purchasing power, savings, economic growth and government’s chances in elections next year
Reuters in Buenos Aires
Wed 15 Mar 2023 18.41 GMT
Argentina’s annual inflation rate tore past 100% in February, the country’s statistics agency announced, the first time it has hit triple figures since a period of hyperinflation in 1991, over three decades ago.
Inflation over 12 months clocked in at 102.5% in the second month of the year, according to government data released on Tuesday, with a higher-than-expected 6.6% monthly rise in the Consumer Price Index (CPI), and a 13.1% year-to-date increase.
In Argentina’s markets, shops and homes, the impact of rising prices is being felt keenly as one of the highest inflation rates in the world stretches people’s wallets.
“There’s just nothing left, there’s no money, people don’t have anything, so how do they buy?” said retiree Irene Devita, 74, as she checked grocery prices in a market fair in San Fernando on the outskirts of Buenos Aires.
With inflation so high, prices change almost weekly.
“The other day I came and asked for three tangerines, two oranges, two bananas and half a kilo of tomatoes. When he told me it cost 650 pesos [$3.22], I told him take everything out and leave just the tomatoes because I don’t have enough money,” Devita said.
The government has tried in vain to tame the rising prices, which dent people’s earning power, savings, the country’s economic growth and the ruling party’s chances of clinging on to power in crunch elections later this year.
On the streets, inflation is all many people can talk about. It seeds frustration and anger as salaries often fall behind the cost of goods despite government schemes to cap prices and limit grain exports to boost domestic supply.
Patricia Quiroga, 50, said 100% inflation was impossible to bear as she was waiting on line to do her shopping.
“I am tired, tired, just tired of all this, of the politicians who fight while the people die of hunger,” she told Reuters. “This can’t go on any more.”
end
>>19356631 ←INFLATION RATE
THIS IS INTEREST RATE RISE IN ARGENTINA AS CURRENCY COLLAPSES
Note: This is definitely to do with I.M.F and the direction of the B.I.S clamping down or those who do not follow the E.S.G model
anon is still working on the b.i.s 2025 agenda and this is very much in their plans.
===
Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says
Ignacio Olivera Doll, Bloomberg News
INVESTING
News Wire
1h ago
Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says
Ignacio Olivera Doll, Bloomberg News
Argentine Peso
Argentine Peso , Bloomberg
(Bloomberg) – Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.
The peso will trade at 350 per dollar, compared to the 287-peso level of Friday’s closing price, a central bank official said Monday. The central bank will also hike the key interest rate to 118% from the current 97%.
The drastic decision by the administration of President Alberto Fernandez comes after years of trying to avoid a devaluation of the currency that’s likely to fuel more inflation and add political volatility ahead of the Oct. 22 presidential election. Argentina’s international reserves stand at a 17-year low, with its liabilities surpassing assets on a net calculation, leaving policymakers with no more resources to defend the official peso levels. Inflation accelerated to over 115% in June.
The changes come after libertarian candidate Javier Milei won a key primary election on Sunday, with the ruling Peronist coalition coming out third behind the more business friendly opposition. The government’s candidate, Economy Minister Sergio Massa, will have now an even steeper path to qualify to a runoff with Monday’s devaluation given the unpopular impact on Argentine consumers.
Read More: Milei’s Plan for Argentina: Dollarization and Scrapping Taxes
The Argentina central bank confirmed the rate hike in a statement. It also rose the one-day passive repo rate to 111% this Monday, from 91%, and the 1-day active repo rate to 140%, from 116%. The Economy Ministry in Buenos Aires referred questions to the central bank.
The nation’s already-distressed foreign bonds plunged Monday with notes due in 2046 tumbling as much as 4 cents to 28 cents on the dollar Monday.
(Updates with context throughout and confirmation of rate increase in fifth paragraph.)
©2023 Bloomberg L.P.
SOURCE DOH
https://www.bnnbloomberg.ca/argentina-to-devalue-peso-by-18-to-350-per-dollar-official-says-1.1958730
tits or bust
30 seconds of fun is not worth the trouble.
will need to sleep it off first.
plus she looks expensive at 118% interest rate
kek
you have no idea how correct you are.
j.p morgan chase is the big beast and jamie dimon is a fucking creature from the swamp.