skilletwaffles

post arg

Mar 6th, 2018
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  1. Steps Taken:
  2. 1. Made deal with exporters to sell their inventories (Oct - Dec 2014)
  3. -raise X, improve CA, also improves IS curve
  4. 2. Sale of 4G telecom licenses (Dec 2014)
  5. -Both 1 and 2 help increase foreign reserves
  6. 3. Govt subsidized home loan program (PROCREAR) (
  7. 4. Renminbi swap line with People's bank of China (Apr 2015)
  8. -got $4.6 bil in USD to add to RES
  9. -helps keep E constant, keep BP from moving
  10. 5. Macri Enters office
  11. 6. Change to dirty float exchange rate (Dec 2015)
  12. 6. Removes taxes on agriculture exports (Dec 2015)
  13. 7. Relax capital controls
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