Treasury & FX in Argentina
Call date: 17th Sep 2019
Participants, in survival mode in Argentina shared and compared their experiences with exchange controls & cash deposits with real negative returns.
The call was chaired by Damian Glendinning, whose commentary appears below.
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Sometimes, situations arise where the treasurer just can’t find a solution, and has to recommend that the business find a “survival mode”, where the goal is simply to minimise losses and disruption until the situation improves. Unfortunately, with the re-imposition of exchange controls, Argentina looks like it is in that situation – and the consensus on the call was that things will get worse before they get better. The main comments:
Bottom line: if you are convinced there is a future, you have to hunker down and wait for this latest storm to pass.