Banco BBVA Argentina: Caution Warranted Ahead Of More ‘Shock Therapy’ (NYSE:BBAR)

Natalia SO/iStock Editorial via Getty Images The “shock therapy” has begun in Argentina following new President Javier Milei‚Äôs election victory. Alongside a significant cutback in fiscal spending, the new administration also unveiled a one-off devaluation of the peso to ARS800 per dollar – about in line with the parallel rate. While positive for corporates with…

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