ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »Argentina allows peso’s faster depreciation
Bloomberg Argentina’s central bank will allow a faster depreciation of its tightly-controlled peso, in the government’s latest attempt to contain a hemorrhage of foreign reserves. The central bank is ending a policy of “uniform devaluation†and allowing greater volatility, according to a central bank statement. It also announced that it was raising repo rates to 24% up from 19% and …
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