The measure is intended to avoid a run on the peso during the presidential elections
All Right Reserved. Buenos Aires Herald
Economics
The measures aim to compensate for August’s 22% devaluation of the peso
AgroBusinessEconomics
Government looks to incentivize exporters in order to maintain official exchange rate
Economy Minister and UxP presidential candidate Sergio Massa has vowed to maintain a AR$350 per US dollar rate until the elections
The minister will also present a bill to make VAT refunds on basic goods permanent
The Economy Minister and UxP presidential candidate stated that there is no risk of hyperinflation
The number is lower than the first quarter but there is more pressure on the job market
EconomicsPoliticsThe Rosca
Lower Chamber approves raising income tax threshold after broad political agreement
LLA and the Leftist Front voted in favor of the UxP proposed bill, but JxC rejected it
Dollar & PesoEconomics
Argentine Supreme Court judge says dollarization is unconstitutional if it eliminates the peso
Horacio Rosatti weighed in on one of Javier Milie’s central economic proposals
The Economy Ministry predicts 70% inflation, a AR$600 to US dollar official exchange rate, and a GDP growth of 2.7%