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Argentina gov't moves to calm FX market, pledges no post-election devaluation - Vimarsana News

Argentina gov't moves to calm FX market, pledges no post-election devaluation

Argentina's government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the country's general elections on Sunday, while officials said there would be no sharp currency devaluation after the vote. In the black market, where dollars sell for almost three times the official rate, trading was almost absent amid a government crackdown, with bids of 900-1,010 pesos per dollar but no confirmed transactions, traders said. "The range of prices is enormous with lots of fear about the government's drive to stop illegal operations and the closur...

Source: yahoo.com
The barber's books: A history of 19,900pc inflation - Vimarsana News

The barber's books: A history of 19,900pc inflation

Inflation is by far the top concern for voters ahead of an Oct 22 general election

Argentina Boosts Election Spending, Risking Even More Inflation - Vimarsana News

Argentina Boosts Election Spending, Risking Even More Inflation

(Bloomberg) -- Argentina’s Economy Minister and presidential candidate Sergio Massa is ramping up public spending before the Oct. 22 election, promising cash handouts that are likely to fuel inflation already running at 124% a year. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesStocks Sink as Bears Take C

Source: yahoo.com
Egypt Keeps Rates on Hold After Inflation Shows Signs of Slowing - Vimarsana News

Egypt Keeps Rates on Hold After Inflation Shows Signs of Slowing

(Bloomberg) -- Egypt kept interest rates unchanged amid signs of softening inflationary pressures, likely refraining from further monetary tightening until it manages a much-awaited currency devaluation.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseWall Street Tradin

Source: yahoo.com
Signs of Egypt's Inflation Slowing Point to Rate Hold - Vimarsana News

Signs of Egypt's Inflation Slowing Point to Rate Hold

(Bloomberg) -- Signs that record Egyptian inflation is finally starting to slow may prompt the central bank to keep interest rates on hold Thursday, following a surprise hike last month.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause Rate

Source: yahoo.com