Day after day, traders confirm that exchange rate in Argentina is fixed at ARG$3.10. Dollar is falling across the world. In theory, Argentina is winning competitiveness against the rest of the globe; but it cannot hold it due to continuous cost and price hikes. What's happening in Brazil is a convincing piece of evidence: dollar is already at R$1.98 and nobody is worried about price rise. Argentina opts for having inflation, for granting handsome subsidies to contain prices and for maximizing controls. Español
