Analysis: Argentina’s Flow of Trade Dollars Clogged by Devaluation Fears

Argentina, no stranger to currency woes, has seen this many times before. But it poses one of the biggest challenges yet to the year-old government of center-left President Alberto Fernandez.

RIO DE JANEIRO, BRAZIL - (Reuters) In Monserrat Casanovas’ small grocery store in downtown Buenos Aires, a hand-written sign reads “sale of imported drinks suspended,” highlighting the devaluation fears that are jamming up trade in the South American country.

This is a road that Argentina, no stranger to currency woes, has been down many times before. But it poses one of the biggest challenges yet to the year-old government of center-left President Alberto Fernandez.

Argentina desperately needs to increase trade flows. But they have been hindered by tough capital controls keeping the peso artificially strong, sparking fierce demand . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?