VOICED : Argentinos reaccionan ante estricto control cambiario tras presidenciales

The Central Bank of Argentina has reduced the monthly limit for dollar purchases from $10,000 to $200 to protect international reserves during the transition to the new government led by Alberto Fernández. Since August, the Central Bank has lost $22 billion, with reserves now at $43.5 billion. The measure has caused discontent, especially among the middle class, who save in dollars to hedge against inflation and devaluation. The Buenos Aires stock market fell by 3.90% after an initial rise, and the exchange rate increased by 2.38%. Argentina is facing a recession, high inflation, rising poverty, and significant debt, with a $57 billion IMF loan requiring fiscal adjustments.

What is the new monthly limit set by the Central Bank of Argentina for currency exchange?

• 200 dollars

• 5,000 dollars

• 1,000 dollars

• 10,000 dollars

Why did the Central Bank of Argentina decide to reduce the currency exchange limit?

• To increase inflation

• To preserve international reserves

• To encourage foreign investment

• To reduce national debt

How did the Buenos Aires stock market react on the Monday following the announcement?

• It remained stable

• It increased by 10%

• It increased by 3.90%

• It declined by 3.90%

What is the current inflation rate in Argentina as of September?

• 50.1%

• 45.3%

• 37.7%

• 25.5%

What is the total amount of the loan Argentina received from the IMF?

• 315 billion dollars

• 22 billion dollars

• 100 billion dollars

• 57 billion dollars