التضخم في الأرجنتين يتجاوز 200% .. ويتخطى فنزويلا

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Transcript

00:00 Argentina is the third largest economy in Latin America.

00:06 It is suffering from a huge inflation and a debt crisis that makes it live through the worst economic crisis in decades.

00:13 The Latin Central Bank, after raising interest rates six times in a row and exceeding 126%,

00:22 in the last meeting, it lowered interest rates by 26% to reach 100%, and that is after inflation came at a better rate than expected.

00:33 But the latest inflation figures showed that inflation in Argentina exceeded 200% levels.

00:41 And after exceeding 200% levels, Argentina exceeded Venezuela in terms of consumer prices,

00:49 since Venezuela has always been the highest level of inflation in Latin America.

00:56 Venezuela started the single inflation in 2017 and its rate was 862%,

01:04 then it exceeded 30,000% levels in 2018,

01:10 because of the printing of the money Venezuela used to finance the government oil company.

01:18 Now Argentina has a new president and elected a new president for the country,

01:24 and he has agreed to treat the economy with economic shocks, as he said in his first statement after winning the elections.

01:34 Argentina is now planning to raise new figures from the Peso currency due to the rising inflation.

01:40 These figures are the 10,000 and 20,000 Peso figures.

01:45 The new government in Argentina is also committed to lowering the Peso value by half,

01:51 reducing public spending and reducing energy and transportation subsidies,

01:55 while fighting the economic crisis and rising inflation.