The Economy Ministry established this Monday that the commercial agreement underpinning current price caps will remain in force until December 2023. The “Precios Justos” (Fair Prices) program, which was implemented in November, froze the value of 1,907 products and set a maximum monthly price rise of 4% for …
Economics
The Economy Ministry is drafting a tax amnesty bill for Argentines with money, goods, or financial assets in undeclared accounts. The project, which will be presented in Congress in the coming days, comes after Economy Minister Sergio Massa signed a FATCA (Foreign Account Tax Compliance Act) agreement with …
Yesterday, the Executive Board of the International Monetary Fund (IMF) completed the third review of Argentina’s 30-month deal signed in March. The approval means that the IMF immediately allowed a disbursement of about US$6 billion, which brings the total so far to about US$ 23.5 billion. Some US$ …
Massa says the new gas plan will save US$ 2.2 billion in energy subsidies next year
The Minister of Economy, Sergio Massa, launched this Thursday stages 4 and 5 of the “Gas Plan” which will extend up until 2028 and, according to official calculations, and represent savings of US$ 2.2 million in energy subsidies next year as well as US$3,5 billion in exports. The …
Days before discussing the third review of Argentina’s loan, the IMF refuses to change its surcharge policy
The Executive Board of the International Monetary Fund (IMF) will meet this Thursday to discuss the third review of Argentina’s agreement with the agency, a source with knowledge of the matter told the Herald. If approved, that would mean that the country would have access to about US$6 …
The Argentine government will receive tax information on undeclared financial accounts in the US belonging to Argentine citizens, but not until September 2024. The exchange comes after the countries signed a deal known as a FATCA agreement (Foreign Account Tax Compliance Act) earlier this month. The fine print …
Argentine Football Association fan token price plummets after squad wins the World Cup
The Argentine Football Association (AFA)’s official crypto token, codenamed $ARG, plummeted 55% immediately after the team won the World Cup by defeating France, having begun the day of the final at US$ 6.02 and at $2.66 at the time of writing. Days earlier, $ARG had jumped over 70% …
A kick for the GDP: winning the World Cup could boost the country’s economy for two quarters
Since last Sunday, when Gonzalo Montiel converted the penalty that took Argentina to the summit of the World Cup in Qatar, the country was suspended in a moment of joy. The streets overflowed with people celebrating the triumph, 34 years after the last cup won by the national …
Visa starts offering preferential dollar rate for foreign tourists
On December 15th, Visa started to process card transactions made by foreign visitors to the country at the preferential “tourist dollar” exchange rate, officially launched by the central bank on November 4.