American newspaper front pages Friday 31 January
Desemprego cai ao menor nível, mas renda sobe menos – Unemployment falls to lowest level, but income rises less Otra fuerte caída de las reservas: 250 millones de dólares – Another sharp decline in reserves: $ 250 million The Central Bank (BCRA) returned to halt the payment of imports yesterday, but could not prevent that stocks fell another 250 million dollars (793 million from Monday), to stay at 28.270 million. If today kept this rhythm, January is the month of greater drain of reserves since the beginning of 2006, when the Government cancelled its debt of more than US $9400 billion with the International Monetary Fund (IMF). The BCRA held yesterday the official at $8.03 dollar, very close to the level that days ago the Cabinet Chief, Jorge Capitanich, defined as “acceptable convergence for economic policy objectives”. Meanwhile, in the parallel market, with very few operations, the dollar fell 30 cents, to close to 12.65 pesos. Perros están en la