Prices in the capital have more than doubled since the start of 2023
Economics
The ‘blue dollar’ reached AR$845 and the blue-chip swap rate hit AR$900 on Wednesday
Do you know your Qatar dollar from your Coldplay dollar? Your blue dollar from your blue chip swap? Here’s a guide from the Herald
Leaps in the parallel rate have left the gap between the official and informal rates at 129%
Argentina’s Senate approves raise on tax income threshold
It also approved the Rental Law reform, but introduced changes that will now need be passed by the Lower House
Spokesperson Julie Kozack said that Milei’s dollarization proposal ‘is not a substitute for sound macroeconomic policies’
The measure is intended to avoid a run on the peso during the presidential elections
The measures aim to compensate for August’s 22% devaluation of the peso
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