Friday, June 2, 2023
  • About Us
  • Contact Us
Parliamentobserver
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business
  • Login
No Result
View All Result
Parliamentobserver
Home Economy

Argentina Raises Interest Rate to 69.5%

Dennis Rogers by Dennis Rogers
September 29, 2022
in Economy
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Argentina is out of options. I reported on the ongoing widespread protests occurring across the country. The majority of the nation is unemployed, and the currency is basically worthless. The people can no longer rely on the socialistic promises as the government is unable to fund its programs. Basic necessities are no longer available, and the people are suffering.

Related posts

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

September 29, 2022
Recent trends in global value chains and beyond

Recent trends in global value chains and beyond

September 29, 2022

After inflation reached 60%, the nation decided to stop printing money entirely. The central bank just voted to raise the benchmark rate by 950 bps to 69.5%. Inflation now sits at 71% after prices rose 7.4% in July.

Estimates state that inflation could reach 90% in Argentina by the end of the year. The government has run the economy into the ground, 6 feet under, and it will need a complete overhaul for the people to begin living comfortably again.

The post Argentina Raises Interest Rate to 69.5% first appeared on Armstrong Economics.

Previous Post

Romania Gifts Moldova One Million Potassium Iodide Pills

Next Post

The Inflation Reduction Act is “Orwellian”

Next Post
The Inflation Reduction Act is “Orwellian”

The Inflation Reduction Act is “Orwellian”

RECOMMENDED NEWS

Mobile financial services can increase impacts of microfinance organizations—but the story is more complicated than we think

Mobile financial services can increase impacts of microfinance organizations—but the story is more complicated than we think

1 year ago
Collaborating to transform and improve education systems: A playbook for family-school engagement

Collaborating to transform and improve education systems: A playbook for family-school engagement

1 year ago
Roe v. Wade overturned despite public opinion

Roe v. Wade overturned despite public opinion

11 months ago
China’s calculus on the invasion of Ukraine

China’s calculus on the invasion of Ukraine

1 year ago

BROWSE BY CATEGORIES

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

POPULAR NEWS

  • Klaus Schwab – The Most Dangerous Man in the World

    0 shares
    Share 0 Tweet 0
  • Ukraine Adopts WEF Proposals

    0 shares
    Share 0 Tweet 0
  • Dr. Robert Malone v WEF

    0 shares
    Share 0 Tweet 0
  • Trudeau’s Approval Rating Hits 12-Month Low

    0 shares
    Share 0 Tweet 0
  • Trudeau Backs Down After Banks Scream about Massive Withdrawals

    0 shares
    Share 0 Tweet 0
Parliamentobserver

We bring you latest news about ecology, economy, healthcare, politics, education, business.

Recent News

  • Financial Literacy for Kids: Teaching Your Children About Money
  • The Benefits and Drawbacks of Freelancing: Is It Right for You?
  • The Role of Small Business in Driving Economic Growth

Category

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

Recent News

Financial Literacy for Kids: Teaching Your Children About Money

Financial Literacy for Kids: Teaching Your Children About Money

April 17, 2023
The Benefits and Drawbacks of Freelancing: Is It Right for You?

The Benefits and Drawbacks of Freelancing: Is It Right for You?

April 13, 2023
  • About Us
  • Contact Us

© 2022 parliamentobserver.com Submit news release

No Result
View All Result
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business

© 2022 parliamentobserver.com Submit news release

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In