The decision grants the country access to a US$7.5 bn disbursement

The informal exchange rate rose by ARS$24 over the course of Monday

The measures are implemented amid tough negotiations with the IMF.

The informal exchange rate hit AR$503, having started the week at AR$492

‘It would be weird if parallel exchange rates stood still’

Following legal complaints from Customs, 38 raids were carried out today in Buenos Aires City, San Isidro, and Mar del Plata

“Lifting the ‘cepo’ or dollarizing the economy are unfeasible shortcuts,” Hernán Lacunza said

The agreement with the major Chinese card company is part of a package aimed at attracting the country’s tourists to Argentina

Electronics, automotive, tire and energy equipment companies are considering the strategy