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Argentina’s maligned devaluation is proving a big hit now

Argentina’s much-maligned devaluation is proving a big hit now (The following article was written by Daniel Cancel and was published in Bloomberg.com on 7 January, 2016) When Mauricio Macri, fresh off his victory in presidential elections in November, reiterated his pledge to jettison Argentina’s myriad currency controls upon assuming office and devalue, many observers said there was little chance he’d actually follow through on the promise. After all, the move had the potential to go horribly…
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