Argentina's financial hot summer: record devaluation of the Peso, record loss of reserves

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The Argentine currency ended trading on Friday, the first month of 2014, at 8.01 Pesos to the US dollar with an accumulated devaluation in January of 18.63%, the greatest loss in a single month since 2002.

However market analysts described the situation as a depreciation 'sustained and managed' by the government of President Cristina Fernandez. Read more.

MercoPress

Related,
- Argentina among the least well-off economies in the region, says IMF - MercoPress
- January tax revenues reach record $90bn - Buenos Aires Herald

- IMF calls on central banks to coordinate liquidity conditions; fears funding crunch - MercoPress

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