BAC
🏦 Bank of America forecasts that the official dollar exchange rate in Argentina should be 1400 pesos.
🇦🇷 This prediction contrasts sharply with current market rates, suggesting a significant potential devaluation.
⚠️ The forecast raises concerns about economic stability and investment strategies in Argentina.
@marcosemmimfp:
“And in fact, it wasn’t JP Morgan, it was Bank of America that says the official dollar should be 14. So, the soybean farmer is going to hold on until the end of the year, he’s going to save the money, having inflation in dollars, which is what we have here, which is something that didn’t happen. And on the other hand, many compared it to Macri. With Macri’s administration, there weren’t as many pesos printed as now.”
Watch the exact part of the YouTube video where @marcosemmimfp talks about Bank of America here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Bank of America (BAC) at the following link. BAC stock.
