Argentina’s economy has faced multiple challenges in the last decade, with inflation running at more than 200%, negative net foreign currency reserves, and years of economic stagnation. IP Owners have felt the impacts of this turmoil through frequent price increases – sometimes multiple per year.
A new government has been elected with the promise to address the problem, leading to a series of announcements this week, most notably devaluing the Argentina Peso from roughly 360 Pesos to the Dollar to 800 Pesos to the Dollar. Even more important, the government has committed to continued currency devaluation in the coming months. Read more