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Argentina Vows End of Money Printing to Battle 60% Inflation

  • Massa became Argentina’s third economy minister in a month
  • Massa outlined new strategy focused on increasing exports
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Argentina’s new Economy Minister Sergio Massa pledged to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. 

Massa rolled out his economic roadmap Wednesday night after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the country’s fiscal deficit and increasing the central bank’s dwindling reserves.