IMF Warns Argentina of Ad-Hoc FX Rates Amid 100% Inflation
- IMF’s Western Hemisphere chief cautions on FX practices
- Argentina passed second review of $44 billion IMF program
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The International Monetary Fund is urging Argentina against unconventional currency measures such as creating multiple exchange rates at a time when inflation is expected to reach 100% by the end of this year.
IMF Western Hemisphere Director Ilan Goldfajn cautioned Argentine officials against “different FX measures or prices or things like that.”