As Argentines dump pesos for dollars, president seeks to mop up excess
Central bank has drained 97b pesos from economy this year by tightening monetary policy
Wed, Dec 24, 2014 - 5:50 AM
Ms Fernandez began her leadership in 2007 by flooding the nation with pesos to spur consumption but the plan has backfired
PRESIDENT Cristina Fernandez de Kirchner can't keep Argentines from dumping their pesos for dollars. So she's trying a different tack: draining a record amount of local currency out of the economy instead.
This year, the central bank has removed 97.2 billion pesos (S$...