Argentine governor rules out defending peso ‘far from’ economic fundamentals

Guido Sandleris Commons

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 in 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

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