Dollar Against Peso by Carlos Jimenez https://padlet.com/carlosjim14/pfdqnam2ofpp Requisito Idioma Inglés, Nivel I en-us 2018-11-28 16:12:22 UTC 2026-02-26 06:42:44 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Manbag.png Dollar against Peso carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308869995 Requisito Idioma Inglés, Nivel I
Emilio Bretón-Carlos Jimenez- Damián Parra.
]]> 2018-11-28 16:12:39 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308869995 The IMF could push Argentina from a currency crisis to a det crisis. carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308905328 The Argentine currency has been falling to record levels. The IMF can offer Argentina a line of credit of $ 30 billion, but that could push the country further into a crisis as the US dollar rises.
The Central Bank raised its interest rate last week to 40%, inflation is 25%. On Tuesday, the government went to the IMF to help deal with the crisis that is turning into a debt crisis denominated in dollars.

La moneda argentina ha estado cayendo a niveles récord. El FMI puede ofrecer a Argentina una línea de crédito de $ 30 mil millones, pero eso podría empujar al país más hacia una crisis a medida que el dólar estadounidense suba.
El Banco Central elevó su tasa de interés la semana pasada a un 40%, la inflación es del 25%. El martes, el gobierno acudió al FMI para que aporte a lidiar con la crisis que se está convirtiendo en crisis de deuda denominada en dólares.
]]> 2018-11-28 17:01:58 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308905328 Argentina seeks emergency release of $50bn in IMF funds amid financial crisis carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308908299 Argentina’s President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50bn deal to ease concerns that the country will not be able to meet its debt obligations for 2019.
Macri said that in the past week there had been “expressions of a lack of trust in the markets” about Argentina. He said the decision sought to dispel any uncertainty, but he did not specify the amount or when the funds would be released.
The IMF said in a statement that it would “revise the government’s economic plan with a focus on better insulating Argentina from the recent shifts in global financial markets, including through stronger monetary and fiscal policies and a deepening of efforts to support the most vulnerable in society”.

El presidente argentino, Mauricio Macri, solicitó al Fondo Monetario Internacional una liberación anticipada de fondos de un acuerdo de 50.000 millones de dólares para aliviar las preocupaciones de que el país no podrá cumplir con sus obligaciones de deuda para 2019.
Macri dijo que en la última semana había habido "expresiones de falta de confianza en los mercados" sobre Argentina. Dijo que la decisión buscaba disipar cualquier incertidumbre, pero no especificó el monto o cuándo se liberarían los fondos.
El FMI dijo en un comunicado que "revisaría el plan económico del gobierno centrándose en aislar mejor a Argentina de los recientes cambios en los mercados financieros mundiales, incluso mediante políticas monetarias y fiscales más fuertes y una profundización de los esfuerzos para apoyar a los más vulnerables de la sociedad”.]]> 2018-11-28 17:06:42 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308908299 The Central Bank of Argentina increases the rates to 60% as the currency collapses. carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308910504 Argentina is struggling to cope with yet another financial crisis.
Investors are increasingly concerned Latin America's third-largest economy could soon default as it struggles to repay heavy government borrowing.
The Argentine peso crashed to record lows on the news. It saw steep losses in the previous session and collapsed another 15 percent to hit 39 pesos against the U.S. dollar on Thursday morning.
Some analysts have criticized the decision to speed up the IMF bailout, saying it smacks of desperation.

Argentina está luchando para hacer frente a otra crisis financiera.
Los inversores están cada vez más preocupados de que la tercera economía más grande de América Latina pronto podría caer en mora mientras lucha para pagar los fuertes préstamos del gobierno.
El peso argentino se estrelló a un mínimo record en las noticias. Vio fuertes pérdidas en la sesión anterior y colapsó otro 15 por ciento para alcanzar 39 pesos frente al dólar estadounidense el jueves por la mañana.
Algunos analistas criticaron la decisión de acelerar el rescate del FMI y dijeron que huele a desesperación.]]> 2018-11-28 17:09:53 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308910504 Argentina will outline cuts aimed at stabilizing the peso. carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308913382 Mauricio Macri is committed to addressing the country's growing debt, it is likely that about 10 government ministries will be eliminated as a result.
The government said the measure was necessary to reassure international investors, the decline in agricultural exports, higher energy prices and a stronger dollar caused many to withdraw funds from the country.
Despite inflation, the IMF said it expects the economy to stabilize by the end of the year and The gradual recovery to begin in 2019.

Mauricio Macri se ha comprometido a abordar la creciente deuda del país, es probable que se eliminen alrededor de 10 ministerios gubernamentales como resultado.
El gobierno dijo que la medida era necesaria para tranquilizar a los inversionistas internacionales, la disminución en las exportaciones agrícolas, los mayores precios de la energía y un dólar más fuerte provocaron que muchos retiraran fondos del país.
A pesar de la inflación, el FMI dijo que espera que la economía se estabilice hacia fines de año y que la recuperación gradual comience en 2019.]]> 2018-11-28 17:14:02 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308913382 The Financial System carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308918618 The financial system is composed of institutions and markets, its job is to act as an intermediary between those who have money and those who have capital. It is responsible for allocating capital in the world. Businesses and governments need more money than they have. Shares investors transfer money indirectly to banks that take deposits and other loans for those who ever need money. When a company sells shares, it obtains capital for its activities and, in exchange, grants investors a share in its property.

]]> 2018-11-28 17:22:22 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308918618 What is The International Monetary Fund? carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308920480 The IMF is an organization designed to assist countries in financial trouble. The IMF plays three major roles in the global monetary system. The fund surveys and monitors economic and financial developments, lends funds to countries with balance and payment difficulties and provides technical assistance and training for countries requesting it. The IMF also plays an important role in the fight against money laundering and terrorism.]]> 2018-11-28 17:25:19 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308920480 What is devaluation? What does devaluation mean? Devaluation meaning, definition & explanation carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308921174 Devaluation means official lowering of the value of  a country's currency  within  a fixed  exchange rate  system by which the  monetary authority  formally sets a new  fixed rate with respect  to a foreign  reference currency  In contrast, depreciation is used to describe a  decrease  in a currencies value relative  to  other major currency benchmarks, due to market forces, not government or  central  bank  policy actions. Under the   second system central banks maintain the rates up or down by buying or selling foreign currency. Inflation on the other hand refers to the value of the currency in goods and services related to its purchasing power, altering the face value   of a currency without reducing its   exchange rate.

]]> 2018-11-28 17:26:20 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308921174 Argentina Peso crisis: Government could close 10 ministries in effort to stabilize currency carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308922708 Those were the most difficult days since Mauricio Macri took over. The Argentine government has begun to implement austerity measures to reduce the fiscal deficit. Taxes were once again imposed on grain exports and it was announced that ministries were being reduced, among other measures. There is a lot of skepticism about what this is going to achieve. The US dollar continues to rise. When the crisis began in May, Argentina was forced to resort to the IMF, the president hoped that this would be enough to avoid devaluation, but that did not happen. The Minister of Economy is traveling again to Washington to renegotiate with the IMF how to continue with the situation. The hard part is for the population, those workers who are negotiating their salaries and those on the streets who struggle every day to make ends meet.]]> 2018-11-28 17:28:38 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308922708 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308924781 The image that accompanies the subject and the news article number one, is with respect to the fall that the peso has had lately and how day by day it loses its value in Argentina against the US dollar. ]]> 2018-11-28 17:31:42 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308924781 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308925944 Image number two refers to the encounter between Macri and Cristine Lagarde just before asking for a loan of 50 billion. ]]> 2018-11-28 17:33:30 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308925944 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308926666 Image number three makes reference (by means of characters from the Simpson cartoons), to how in these last days the dollar beat the Argentine peso, devaluing it. ]]> 2018-11-28 17:34:45 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308926666 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308927933 In picture four we can see Dujovne going to Washington to negotiate a rescue of the IMF, it is important because it adds to the second photo, where Macri was the one who occupied that place. ]]> 2018-11-28 17:36:35 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308927933 Correction 1 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308936117 2018-11-28 17:49:22 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308936117 Correction 3 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308937776 2018-11-28 17:52:05 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308937776 Correction Final carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308938130 2018-11-28 17:52:40 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308938130 Correction 2 carlosjim14 https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308963453 2018-11-28 18:30:25 UTC https://padlet.com/carlosjim14/pfdqnam2ofpp/wish/308963453