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Stock impact report

Argentina's Milei Taps Unseasonal Source in Search of Dollars: Shock Therapy [Financial Post (Toronto, Ontario, Canada)]

Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV) 
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm Check Earnings Report
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Faced by a shortage of foreign reserves, Argentina's central bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters. Replenishing the central bank's coffers is a key step for President Javier Milei to be able to lift long-standing capital controls and make progress toward normalizing Argentina's economy. Its central bank is short of foreign reserves, leaving it with little ammunition to defend the country's currency if needed. Dollars are hard to come by in Argentina toward the end of the year, but the central bank just hit its highest greenback purchases in October in 15 years. That's partly to do with a tax amnesty program, and partly with crop exporters, even though the harvest season ended months ago. An opportunity to generate juicy returns is leading crop exporters to borrow dollars and sell Show less Read more
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