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As usual, the fiscal conservative Argentinian governments run again to tge IMF for money.

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[-] Thordros@hexbear.net 34 points 1 year ago

Now wait a gosh darn sec here! Are you trying to tell me that this whole thing was just a wealth transfer from the poor to the rich? Who could have predicted this?

[-] vovchik_ilich@hexbear.net 22 points 1 year ago
[-] lemmyseizethemeans@lemmygrad.ml 16 points 1 year ago

Hexbear you have no idea how much you were missed

[-] GrouchyGrouse@hexbear.net 6 points 1 year ago

We missed you too cuddle

[-] SkingradGuard@hexbear.net 27 points 1 year ago
[-] FuckyWucky@hexbear.net 25 points 1 year ago* (last edited 1 year ago)

It'll be used to keep the exchange rate pegged, they have already slowed down crawling devaluation rate.

They take the IMF Dollars, the rich exchange Pesos for Dollars, to keep exchange rate fixed the Central Bank sells the Dollars it received to the market to maintain the peg, the rich get Dollars for cheap.

Except, the country has no reserves now and is even more indebted in foreign currencies. The peg is unmanageable and there is a massive devaluation, public pays for it and the cycle of debt continues.

[-] driving_crooner@lemmy.eco.br 2 points 1 year ago

Just in time for the next election cycle

[-] Thallo@hexbear.net 23 points 1 year ago

One more IMF loan, bro. I swear bro just one more and it will fix it bro

[-] ChaosMaterialist@hexbear.net 2 points 1 year ago* (last edited 1 year ago)

:mystery-emote:speech-l

please-bro

[-] lemmyseizethemeans@lemmygrad.ml 18 points 1 year ago

[Confessions of an Economic Hitman has entered the chat]

[-] SmunchBucket@hexbear.net 17 points 1 year ago

Buy dogecoin with the IMF loan. Double down on crypto! Lmao

this post was submitted on 31 Mar 2025
62 points (98.4% liked)

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