Analysts say the decision could encourage investors to dollarize their assets
Economics
Analysts warn that poverty, regulatory issues, and macroeconomic concerns could complicate the readjustment of energy prices
As the government moves to cut utility subsidies, critics fear poor households will fall through the cracks
The government will use the money to pay the fund US$912 million maturing on December 21
Luis Caputo also offered details on planned changes to electricity subsidies and public transport fares
A new crawling peg, exchange restrictions and bonds were discussed following the government’s record devaluation on Tuesday
Following the government’s 54% devaluation, JP Morgan predicts a 60% accumulated inflation rate for December and January
State workers union estimates at least 10,000 people in public jobs will be fired
Milei’s spokesperson says public transport subsidies will be slashed starting January 1
Argentines have been left with more questions than answers about how the 10-point austerity plan announced Tuesday evening will be implemented