"There are four kinds of countries: Developed Countries, Underdeveloped Countries, Japan –nobody knows why it grows– and Argentina –nobody knows why it doesn’t."
Simon Kuznets, 1971 Nobel Prize winner
At the time of writing this article, Argentina Country Risk is reaching levels not seen for awhile and the USD has hit 40 ARS in an spectacular collapse.
Government is trying to do whatever it can to avoid another crisis. But this time a pulverized ARS is coming with another devaluation that has no bottom: the devaluation of the official word.
Sources: Banco Central de la