Argentina Introduces New Exchange Rates to the Mix — 'Qatar' and 'Coldplay' Dollars Go Against IMF's Warnings
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces ‘Qatar’ and ‘Coldplay’ Into Its Dollar Exchange Rate Arsenal While Argentina has been applying dollar exchange control measures since some time ago, the government is establishing even more types of rates for different purposes, making it more expensive for the Argentine people to acquire certain services or goods. This time, the government has introduced two new exchange rates, popularly known as the “Qatar dollar” and “Coldplay dollar,” due to their functionality and applications. The Qatar dollar rate ...