Individuals who received state assistance in the pandemic and who have partial energy subsidies will be able to purchase US dollars
Economics
The move concludes the government’s migration of interest-bearing debt from the Central Bank to the Treasury, debuting ‘LEFI’ bills to manage bank liquidity
The economy minister also said that Argentines would have to sell their U.S. dollars to pay taxes during an interview
As Argentina’s recession deepens, businesses make over 38,000 crisis filings
Industry and construction are the hardest-hit sectors of an employment crisis that’s reaching further than the pandemic
Anyone with undeclare assets worth over US$100,000 have to pay an extraordinary tax in U.S. dollars, unless they make investments approved by the Economy Ministry
The Fund also predicted a 140% annual inflation rate for this year and 5% growth for 2025
While Milei says this is the first step toward lifting currency controls, critics worry about the depletion of international reserve
President Milei said the move is part of the government’s plan to close all emission sources
The operation for managing liquidity with banks was regulated, which will begin operating on July 22nd. The fiscal bill will be exempt from the limit on financing to the public sector