(The same article is limited in the scope of visibility, I will revise it and send it again).
Recently, I have been talking about some short things in the parents, and I have not systematically summarized the news of the Argentine economy.
Recently, I have read a lot of news, and for the reform of Argentina, it is generally "bad news but not good news".
A lot of news, about the reform content in Argentina, like to make something sensational, whatever"Legalization of organ trade", "abolition of compulsory education".。It's also strange to think about the dog's brain, inside the reform"Abortion is not allowed" and "Organ trade is legalized".How can these two articles, which are completely contradictory in terms of ethics and implementation, or in terms of "legislative spirit", go hand in hand? （My opinion: In countries that do not allow abortion, it is impossible to legalize the organ trade, on the contrary, in countries where abortion is free, the organ trade has more legal soil.
After talking nonsense, let's talk about a few things.
(1) The second person of the World Monetary Organization** visited Argentina
It's a beauty.
The vice president of the World Monetary Organization, the number two person, appeared as a fan of Milley during the Davos Forum and asked Milley for a photo and a group photo. Arranging for this person to visit Argentina is a testament to the fact that there will be greater and better support for the organization's commitment to Argentina's economic policies.
"The message from the second leader of the International Monetary Organization to Buenos Aires is very positive and does not have any negative implications", said a source in the Argentine Ministry of Economy.
The support of external liquidity has a great alleviating effect on Argentina's current shortage of foreign exchange reserves. In addition, Argentina is willing to provide support in the case of 9 times of relying on ** organization. At the very least, it is proof that the international community now has considerable confidence in Argentina's reforms. In terms of economy, it is always said that "confidence is more important than **". Because a lot of times, the economy is what expects.
(2) On the increase in poverty in Argentina
This news is the funniest because the number of people living in poverty is calculated in terms of the United Nations Development Programme's poverty standard, which is measured in dollars.
Argentina**, took the initiative to depreciate the peso against the US dollar from 300:1 to 800:1, for example, an Argentine, who used to earn 30,000 pesos (100 US dollars) a month, now directly becomes 30,000 pesos (24 US dollars), originally a middle class, directly poor, this poor population is increasing in this way.
But in fact, how should ordinary people live, and how should they live.
Because the owner of the fried fritters at your door charges pesos, not dollars.
* Spokesman Manuel Adoni announced at a press conference on Tuesday: Argentina's minimum wage will reach 180,000 pesos in February 2024 and will be raised to 202,800 pesos in March. Within two months, the minimum wage will be **30. Although it is to fight inflation, it is not the inflation thing that Milley has done, and Milley has inherited a huge mess.
(3) Argentina's fiscal surplus and foreign exchange reserves have increased substantially
Argentina's ** surplus reached 7US$9.7 billion, which was mainly due to a 9% year-on-year increase in exports6%, up to 539.8 billion US dollars, the import value decreased by 14 percent year-on-year3% out of a total of 46$0.1 billion.
What Argentina exports has a hard currency character. grain, meat, but also fish. Argentina also has the world's third-largest lithium reserves.
It is very different from the ordinary processed products exported by many countries, so the inflation or deflation of the world economy actually has little impact on Argentina, which is a very good state.
Among them,Argentina accounts for 78 percent of meat exports5% went to China (a staggering number).
According to the U.S. Department of Agriculture, China's meat consumption will fall by 2% in 2024, but beef will buck the trend by 16%。
Argentine beef** remained largely stable, down 11% in US dollar terms. The exchange between the yuan and the peso must still be denominated in US dollars, so in the long run, Argentina's beef exports to China should not be affected. (I personally bought Jingdong's self-operated Argentine beef tendon on JD.com, and the quality is still good.) **Fits. This is also the reason why Argentine Foreign Minister Montino made overtures to Foreign Minister Wang Yi.