As usual, the fiscal conservative Argentinian governments run again to tge IMF for money.
Now wait a gosh darn sec here! Are you trying to tell me that this whole thing was just a wealth transfer from the poor to the rich? Who could have predicted this?
Hexbear you have no idea how much you were missed
We missed you too
One more IMF loan, bro. I swear bro just one more and it will fix it bro
:mystery-emote:
It’ll be used to keep the exchange rate pegged, they have already slowed down crawling devaluation rate.
They take the IMF Dollars, the rich exchange Pesos for Dollars, to keep exchange rate fixed the Central Bank sells the Dollars it received to the market to maintain the peg, the rich get Dollars for cheap.
Except, the country has no reserves now and is even more indebted in foreign currencies. The peg is unmanageable and there is a massive devaluation, public pays for it and the cycle of debt continues.
Just in time for the next election cycle
[Confessions of an Economic Hitman has entered the chat]
Buy dogecoin with the IMF loan. Double down on crypto! Lmao
