DIA TRES
- Jan 11, 2017
- 2 min read
After the very long day the day before, our first meeting of the day was the Central Bank or the Banco Central de la Republica Argentina. Horacio Aguirre the principle manager of economic research provided us with information about Argentina's Economy.
He told us many facts such as how the economy is so tightly connected to international trade. and he explored the Debt crisis. ad how money tightening and new developments can effect an economy such as Argentina's. He explained how there is a correlation between commodities and the USD. the stronger the dollar is the lower the prices of Latin America Capital Markets. Economic and political instability has caused a number of problems for the communities of Argentina such as high interest rates and high Inflation. The Central Bank of Argentina has worked with the government to provide incentives and work with businesses to declare commodities and hopefully stabilize their economy. They hope to remove barriers into their economy raise FDI and gain control of inflation in the country.
He also discussed that Latin America is ready for inflation expectations and in a way has built resilience because they are always unstable. This visit was one of my favorites because Although the presenter tried his best to remain professional and say the most politically correct statements, If a person really paid attention there were key indicators to what he would say.
Such as saying this along the lines of the previous administration had "different" policies, and all numbers because of "disruption" are in doubt.
He also said that the recent results of the American election did affect Argentina's economy although permanent affects are yet to be determined.
He then explained the part of the instability of the economy is also to do with the distrust that the citizen's of Argentina has for the financial system.
His honesty without being straightforward really peaked my interest in his discussion.
After the great discussion about the Economy,
the fun part began. The Tour by Andrea.
We went to go see the famous Cemetery. The neighborhood, La Boca and
Later that night we went to the Art Museum!
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