الأرجنتين.. اقتصاد على حافة الإفلاس!
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00:00 Argentina is an economy on the brink of bankruptcy,
00:03 where it is suffering from an excessive inflation, rising prices,
00:06 a collapse in the currency and a deterioration of the economy.
00:09 Usually, countries target inflation at 2% levels,
00:13 but inflation in Argentina is different,
00:15 it exceeds the levels of 250%.
00:19 But on a monthly basis, inflation slowed by 20%
00:23 compared to a 25% increase in December.
00:28 Inflation slowed after the Central Bank of Argentina
00:32 raised interest rates to the highest level ever, at 133%.
00:36 But in November, Argentina elected a new president,
00:40 and the first meeting after the election of this president
00:42 lowered interest rates to 100% levels,
00:45 and now targets interest rates below 20%.
00:49 The currency is in a collapse.
00:51 The peso in the dollar is 820 pesos per dollar,
00:59 and in the black market it is 1150 pesos per dollar.
01:04 The gap between the official market and the black market is wide.
01:08 To narrow this gap,
01:09 investors must sell their assets in dollars,
01:12 and also spend this dollar at the Argentinean central market
01:17 to narrow the gap between the black market and the official market.
01:22 The new president announced a policy of austerity,
01:26 lowering the value of the currency by 54%,
01:29 and also lowering the value of the currency by 100%.
01:31 He also adjusted the prices,
01:33 and ended the central bank financing of the government.
01:35 He also made adjustments to the sector,
01:37 and he also excluded several jobs,
01:39 especially the jobs that were added in 2023 before his election.
01:45 But the biggest challenge for the new Argentinean president
01:48 is that his party members form only less than 15% of the parliament.
01:54 This is the president's biggest challenge,
01:56 because he wants to gain the trust of the parliament.
01:59 To gain trust, he excluded hundreds of austerity measures,
02:03 including the abandonment of a number of tax increases,
02:06 and lowering the interest rate,
02:07 which is the main engine to transform the deficit of 2.9%
02:12 to a margin of 2 in 100.