Argentinian Trade Secretary: "It is really possible of a devaluation of 20% this year" YES That´s my country guys....
When an argentinian official tells you that "we may devalue our currency 20% this year" in a 25% inflation rate environment, you know it is coming again.
Domestic Trade Secretary Guillermo Moreno, said that "it is not unreasonable to think that the dollar can close 2013 near six pesos". Blue The dollar closed yesterday at $ 7.47 and official 4.96.
Speaking to the newspaper Pagina 12, Moreno said the dollar could be located at the end of 2013 "around six pesos, equivalent to a devaluation of between 18 and 20 percent would not be unreasonable", and denied that the rise in the last two months of the year represent an acceleration or tendency.
The official also said that "as the international crisis will dissipate, control the entry of imports will also relaxing."