Argentina is resisting a new devaluation of the peso

  After suffering a depreciation last Wednesday and Friday, the Government of this country is trying to maintain the price of the official dollar at no more than eight pesos, and the black dollar from 13 to 11.70. To stop inflation, the Central Bank was forced to sell...

Argentines deposit their savings in Uruguay

Uruguayan sources have confirmed that Argentine deposits has increased in this country, despite the measures to prevent capital flight from Argentina. The Uruguayan Central Bank said that 70% of the ‘foreigners’ bank deposits  are Argentines, which have increased to...