Stock Swami-what's in it for him, page-14

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eddieaus

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27/06/23

21:26

Post #: 68500939
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Originally posted by 1883: ↑

From Argentina news article:

The Argentine government has recently announced that it will require all companies income to be liquidated in Argentine pesos, rather than US dollars. This is a significant change, as it has been the norm for government income to be held in US dollars for many years.

There are a few reasons why the government has made this decision. First, it is an attempt to shore up the value of the Argentine peso. The peso has been in a state of decline for several years, and the government hopes that by requiring government income to be liquidated in pesos, it will help to stabilize the currency.

Second, the government is hoping that this will help to boost the domestic economy. By requiring government income to be spent in pesos, the government hopes that this will stimulate demand for Argentine goods and services.

It is too early to say what the long-term impact of this decision will be. However, it is clear that the government is hoping that it will help to address some of the economic challenges that Argentina is facing.

Here are some of the potential implications of this decision:It could help to stabilize the value of the Argentine peso.

-It could boost the domestic economy by stimulating demand for Argentine goods and services.
-It could make it more difficult for Argentines to save in US dollars.
-It could make it more expensive for the government to service its debt, which is denominated in US dollars.

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looks like an AI generated article.

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