No menu items!

Argentina leads this luxury market, but the exchange rate hedge is putting it in check

The foreign exchange restrictions have multiple effects on the Argentine economy.

One of the sectors that could not escape its consequences is wool production, a luxury market that Argentina leads worldwide and used to generate revenues of up to US$260 million annually.

While the economic team is trying to preserve and strengthen the scarce international reserves, the sheep industry is going through a limitation in its growth in a context in which its main strength is exporting, but which currently has an unfavorable exchange rate and a gap that affects the operation of the activity.

Thus, after going through . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content