BBCNEWS Asia July 1, 2024
the central bank it needs these foreign currency reserves to enact firepower and effect the economy and it has run out of that lifeline. the other aspect is the that of capital controls, they are measures by the government to prevent people from changing their argentine currency into foreign currencies, it is very popular they have a black market, where people meet to exchange the currency to the us dollar and thatis currency to the us dollar and that is artificially changing the curre...
Currency Crisis Currency Devaluation Spillover Effect Katie Silverjoins Capital Controls Central Bank
Source: archive.org