Fausto Spotorno

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Last quote by Fausto Spotorno

Its reserves were disappearing, so I think they felt let's stop and see where it goes. If they'd continued, they would have lost hundreds of millions in reserves a day, billions in a week, four billion dollars in a month and in five months they'd be tapped out.feedback
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Jan 24 2014
Fausto Spotorno has most recently been quoted in an article called Argentina to relax forex controls as peso falls, but no counter inflation measures. Fausto Spotorno said, β€œIts reserves were disappearing, so I think they felt let's stop and see where it goes. If they'd continued, they would have lost hundreds of millions in reserves a day, billions in a week, four billion dollars in a month and in five months they'd be tapped out.”.
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