RIO DE JANEIRO, BRAZIL - Local financial conditions deteriorated sharply in October in a context of electoral uncertainty and the widening of the exchange rate gap, which almost reached 100% due to the rise of the blue dollar and the free parallel currencies, so that "the Argentine economy has been operating in a financial stress zone for 37 months".
This was reflected in the report of the Argentine Institute of Finance Executives (IAEF), which stated that the Financial Conditions Index (ICF) fell 6.4 points in October compared to September, reaching a level of -41.3 points, "its worst record since . . .
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