the central bank it needs these foreign currency reserves to enact firepower and effect the economy and it has run out of that lifeline. the other aspect is the that of capital controls, they are measures by the government to prevent people from changing their argentine currency into foreign currencies, it is very popular they have a black market, where people meet to exchange the currency to the us dollar and thatis currency to the us dollar and that is artificially changing the currency, what they want to do here is bring it back to market, reduce this propping up, this artificial inflation, see where it stabilises off it has been welcomed by the international monetary fund which argentina has a huge debt to, they called the move bold said it would bring its refinancing progress programme back on track. people who will feel this are those who will feel this are those who import goods, they will find things more expensive, we will see pain for small and medium businesses
i thank you for the bipartisan support. as we approach christmas on behalf of all our ukraine families separated by war and all sons and daughters on the front, ukraine s greatest wish is to reach a victorious and. it s mr zelensky s third visit to washington since the war began and second in just the past few months. the aid he s seeking could turn the tide against russia as the war ticks closer to its second year, with no sign of resolution. congress has approved more than $111 billion in total since the war began. but the biden administration says that money is running out. mr biden told reporters after his meeting with zelensky, that it would be a christmas gift to russia s vladimir putin if congress fails to pass fresh aid. putin is banking on the united states failing to deliver for ukraine. we must prove him wrong. i will not walk away from ukraine. neither will the american people. president biden also said russia state media is celebrating republicans delaying aid
their cause. he then headed to meet with presidentjoe biden, who announced an additional $200 million in weapons and equipment for ukraine, but the wartime president is still hoping for more. today s discussion across both parties in both chambers were very productive. i thank you for the bipartisan support. as we approach christmas on behalf of all our ukraine families separated by war and our sons and daughters on the front, ukraine s greatest wish is to reach a victorious and. it s mr zelenskyy s third visit since the war began and second in just the last few months. the funding he wants could mean the difference on the battlefield as the war ticks closer to its second year. congress has approved more than $111 billion in total since the war began. but the biden administration says that money is running out. mr biden told mr zelenskyy that it would be a christmas gift to russia s vladimir putin if congress fails to pass fresh aid. putin is begging on the united states to d
international monetary fund for the inner statement we heard them say this is going to help, a bold move that would help stabilise the economy and set the basis for more sustainable and private sector led growth. the first group we have seen by the newly appointed economy minister and when mrjavier milei be sworn in as president on sunday. it has been quick. a huge roof. whenjavier milei huge roof. when javier milei came huge roof. whenjavier milei came into office he promised shock measures. he walked around with a chainsaw promising that is going to indicate the spending cuts and tax cuts he was promising. seen as a libertarian and very ultralight leader. this is the first of the measures. other measures announced as they will cut transport and fuel subsidies and cutting any spending by the government on advertising. huge reforms and all of this as part of living up all of this as part of living up to those campaign pledges made byjavier milei. one of the most controversial
and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let s talk about liquidity i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given that the