The measures aim to contain the U.S. dollar price ahead of the midterm elections

The lower house vote and the administration’s erratic monetary policy have created volatility in the market

A new bond auction is scheduled for next Monday and banks’ reserve requirements will increase after Wednesday’s bid ended with a 61% rollover rate

The administration granted instruments for US$7 billion with rates as high as 69%

The figure announced by the INDEC was the second consecutive month-to-month rise

The staff report noted that ‘strong domestic demand and a sharp easing of import restrictions’ were making it harder for the country to accrue dollars

The country will be granted the amount despite missing its international reserve accumulation targets

The greenback jumped by 55 pesos in just one day

Amid exchange rate tensions, the government offered rates tripling inflation