热门标签

Argentina turmoil sparks panic buying and price hikes

时间:3周前   阅读:44   评论:2

皇冠 怎么 注册www.hg9988.vip)是皇冠体育官方线上24小时为您解决皇冠 怎么 注册、皇冠代理 怎么 开户、皇冠会员 怎么 注册等问题。

A political crisis in inflation-ravaged Argentina that was sparked by the economy minister’s resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars.

“Every day it’s like going out to hunt a lion,” Luis Sacco told AFP in front of his electronics store in the capital Buenos Aires.

Since Monday, prices have risen dramatically at shops and businesses across the country.

On Saturday, economy minister Martin Guzman resigned following months of pressure from inside President Alberto Fernandez’s centre-left Frente de Todos (Everyone’s Front) governing coalition.

Guzman was the chief negotiator in Argentina’s haggling with the International Monetary Fund to restructure a US$44bil (RM194.74bil) debt.

But he was collateral damage in a power struggle between Fernandez and his vice-president, the former president Cristina Kirchner.

Opposition to Guzman’s fiscal policies from the former president’s influential faction within the coalition resulted in him quitting and being replaced by Kirchner loyalist Silvina Batakis.

She is the one who must now steer agricultural powerhouse Argentina through its years-long economic crisis.

Inflation, which surpassed 60% in the last 12 months, is hurting ordinary Argentines, who have been gripped by the political soap opera.

“It was the longest Sunday of my life,” said Sacco, the electronics store owner who spent an anxious weekend “not knowing whether or not to lift the shutters, (and) a Monday thinking about catastrophe.”

,

环球国际娱乐网址多少www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

The black market peso briefly dropped from 239 to the US dollar to 280 on Monday before stabilising at 250. The official exchange rate is 132.

But amid the uncertainty and panic, sales actually soared for many businesses with consumers afraid prices would soon increase.

That is a major concern in a country struggling with years of high inflation.

“There was no earthquake. There are sales, more than ever,” said Sacco.

But “people are also buying because they know that if they wait, the price will increase. It’s the time to sell stock.”

He pushed up his prices by 15% a few weeks ago, with another five percent increase this week, while he has now hiked prices on his imported goods by 30%.

Fernando Agote, who owns a hardware store, says “things are calming down” after some initial panic buying despite little change in prices.

But conversely, many suppliers have suspended their sales, waiting to see what happens to prices before taking new orders, so they do not get left short-changed.

“There was a lot of anxiety, a lot of speculation. No one knows where the real prices are, they’re not set by costs,” said Agote.

Luckily for him, only one of his suppliers suspended their sales on Monday.

上一篇:新二皇冠最新手机登录(www.99cx.vip)_7月1日江苏疫情最新消息:新增本土1+25 在南京无锡

下一篇:三公开船游戏(www.eth108.vip)

网友评论

  • 2022-08-12 09:35:44

    丹妮婊姐与小赖、纪斯豪共同创立的「综口味开房间」YT频道,除了聊成员们亲身经历的事件或时事外,也经常担任「解惑大师」,接受网友们来信吐露个人的疑惑,3人总以幽默不失中肯的态度,诚心回答网友们的问题,相当受到好评。水一水,好看