Argentine governor rules out holding peso at unsustainable level

Guido Sandleris reaffirms commitment to tight monetary policy to tame inflation

Buenos Aires - Argentina - Getty - web
Buenos Aires, Argentina

The president of the Central Bank of Argentina, Guido Sandleris, ruled out using international reserves to hold the peso at an unsustainable level and reaffirmed his commitment to tight monetary policy at a press conference on August 20.

“International reserves will not be used to hold the value of financial assets far from their economic fundamentals,” said Sandleris. “With the rearrangement of the last days, the exchange rate seems to be consistent with the current economic scenario. There is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: