The Fund has taken its western hemisphere director off negotiations with Argentina, replacing him with Luis Cubeddu

Monthly price rises are significantly lower than they were a year ago, but the government is still struggling to cool it to below 4%

Alejandro Werner stated that the Fund has ‘doubts’ about the economic program due to exchange restrictions and monetary policy

Analysts estimate the government has spent that much to contain the exchange rate gap since announcing ‘Phase 2’ of its economic plan in mid-July

A 10-point cut to the tax, for trade purposes only, took effect on Monday morning

Analysts say that the roll back of the PAIS tax signals that the priority is lower inflation and not the end of the ‘cepo’

The reduction from 17.5% to 7.5% will not affect credit or debit card purchases in U.S. dollars

The move is part of a legal tit-for-tat between the retail juggernaut’s e-wallet Mercado Pago and the banks’ MODO

The scheme is moving at a crawl, but changes to the PAIS tax may be helping the Central Bank shore up dollar purchases