The financial crisis in Argentina, characterized by instability of the exchange rate and rapid growth of inflation, should begin to subside in November-December of this year due to significant inflows of foreign currency into the country from sales of wheat harvest. This assumption was made by Argentine Prime Minister Agustin Rossi, Successful Farming reports.
The official recalled that the ongoing financial crisis in Argentina has intensified due to severe drought, which this year led to a reduction in agricultural exports by about $20 billion.
At the same time, A. Rossi also noted that next year in Argentina drought is not predicted, thanks to which it will be possible to save about $4 billion.
In addition, the head of the Cabinet of Ministers expressed confidence that the country should not devalue the national currency to slow down inflation, which has exceeded 115% over the past 12 months.