The Milei administration will carry out a pension reform and limit the recipients of a monthly allowance to families with children

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 figure represents a 57% increase compared to July 2024 and a 20% bump compared to June of this year

The country will continue with the same rate it was slapped with when the US’s policy went into effect in April

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

The greenback jumped by 55 pesos in just one day

The figures are based on data for Chile, which saw US tourism and trade boom after it joined the visa waiver program

Amid exchange rate tensions, the government offered rates tripling inflation

The substantial tourism deficit comes amid a strong peso, the lifting of currency controls, and weaker currencies in neighbors such as Brazil