Argentina’s President Mauricio Macri performed political surgery this week in a bid to arrest the unrelenting depreciation of the peso. The economic surgery his government opted to undergo by obtaining financial assistance from the International Monetary Fund (IMF) has failed to staunch the currency haemorrhage. Macri will be hoping that forcing out the president of Argentina’s central bank (BCRA), the publicly reviled energy minister, and a close ally in the form of the production minister will convince investors and general public alike that he will stop at nothing to overcome by far the most difficult challenge he has faced in his political career. End of preview - This article contains approximately 1319 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options