US High School Economics class: Argentines snap up foreign goods as Javier Milei strengthens peso
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of US High School economics picks here.
Specification:
Economic growth, exchange rates
Click to read the article below and then answer the questions:
Argentines snap up foreign goods as Javier Milei strengthens peso
What has happened to the value of the Argentine peso since December 2023?
How does the changed value of the Argentine peso affect business owners’ abilities and interest in importing goods?
What has happened to purchases of domestic goods? Why?
Why does Argentina need to build up central bank reserves? How does the current exchange rate affect the central bank’s ability to build up reserves?
Ariel Slonim at MRU’s Econ in the News
Comments