And that could drive down the value of the peso even further. But they have to use an accepted currency like U.S.
#Witch it g2a Pc#
PC gaming fans in the country can still purchase games on Steam. And that is exactly the problem that Argentina faces. To avoid losing money if the peso completely craters, Valve is no longer accepting the currency. And it’s getting the notice that agencies are downgrading the country’s credit rating.
Steam could lose a lot of money dealing in local Argentinian currency And the IMF is sending a team to the country to meet with the finance minister. Now, credit-rating agencies are downgrading their rating for Argentina, which means they believe it is less likely that the country will repay its debt. That’s a 48% drop, and one of the biggest collapses for any stock index ever. When Fernandez won the primary, the S&P Merval Index of Argentinian stocks dropped from 44,355.09 to 27,530.80. That suggests, at a minimum, he would attempt to renegotiate the loan. Fernandez has said that it’s “impossible” for Argentina to pay back the loan on time. He will probably not seem as inviting to international investors. FIFA 22 Madden NFL 22 Battlefield 2042 Apex Legends The Sims 4 It Takes Two Electronic Arts Home Latest Games Coming Soon EA SPORTS Free-To-Play Games Library PC PlayStation 5 Xbox Series X Nintendo Switch Mobile EA Play Origin Competitive Gaming EA Play Live Company EA Studios Our Technology EA Partners News Inside EA Positive Play Inclusion.
The concern, according to a Business Insider report, is that Fernandez could default on that payment. And many investors saw this as a good sign that things were going to improve.Īrgentina has $56 billion in foreign-currency debt with the IMF. Macri has the country working closely with the IMF. Current president Mauricio Macri lost to a ticket that includes Alberto Fernandez and running-mate (and former president) Cristina Kirchner.Īnd now investors and the IMF are concerned that Fernandez/Kirchner will end Macri’s economic policies. The big drop in the value of the peso came after Argentina’s latest presidential primary election.