• Global Gas Analytics
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Americas Economic overview

May 2018

Argentina’s ongoing currency crisis will further reduce the country’s LNG offtake.

Argentina finds itself mired in yet another currency crisis despite economic reforms introduced by the administration of President Mauricio Macri. The government and the central bank are vehemently trying to prevent the slide of the Argentine peso against the United States dollar after it fell to an all-time closing low in May. The bank has hiked the benchmark interest rate to an all-time high of 40% and has been selling off dollar reserves to prop...