Argentina says dollar reserves are sufficient

Argentina says dollar reserves are sufficient

Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Loans Argentina Latin America Coronavirus

Argentine Economy Minister Martín Guzmán said Friday that the country has sufficient international reserves to sustain the exchange rate even as a flight to dollars accelerates, adding that public spending will be focused on fueling a recovery from a deep economic recession. "There are $41 billion in reserves, of which a significant part can be made liquid from one moment to the next," he said in a televised interview at the annual business conference of the Instituto para el Desarrollo Empresar

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial