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Abstract: Inflation in July could be so high that it will “shock” Argentina’s government, an economy ministry source told Reuters on Thursday, expecting high inflation in August as well.
Former Congressman Sergio Massa took office Wednesday as economy minister in the midst of an economic crisis, announcing measures intended to ensure fiscal austerity and to shore up dwindling foreign currency reserves.
The source added that with cuts to subsidies on gas, electricity and water, the government would save 500 billion pesos ($3.8 billion) a year, although the full impact would not be felt until the 2023 accounts.
The government of President Alberto Fernandez also expected a sharp reduction in spending on energy imports in the second half of the year, the source said, adding that the government hoped workers salaries would at least “match” high inflation in 2022, which analysts estimate will exceed 70%.
In regards to the countrys renegotiation of $2 billion in debt with Club of Paris creditor countries, the source said the government would try to reach a debt agreement “as quickly as possible.”
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A Malaysian woman has lost RM84,000 after falling prey to a cryptocurrency investment scam promoted through the social media platform TikTok. The 52-year-old victim was lured into the scheme by a fraudster posing as an investment advisor, according to police reports filed earlier this week.
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about xChief and its licenses.
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about FXTRADING.com and its licenses.
A forex option is a financial contract granting the buyer the right, but not the obligation, to buy (Call option) or sell (Put option) a specific amount of one currency against another currency (a currency pair) at a predetermined exchange rate, on or before a specified future date.