Depending on how the calculation is made, Argentina will be made to pay between US$16 billion and US$4.9 billion

The presidential candidate suggested having a “cushion” for potential runs against the peso

“Pretty much the reason for that was the drought”

Wholesale import prices have risen by 55 percentage points more than the increase in the official dollar, prompting businesses to use a “mix” between official and blue rates for costs and transactions.

The informal exchange rate rose by ARS$24 over the course of Monday

The Economy minister said there will be a ‘big disbursement package in August’

The measures are implemented amid tough negotiations with the IMF.

Government expects to sign the deal on Wednesday or Thursday

President Fernández said the government is ‘working at full steam trying to reach an agreement’