The BONCER bonds mature in February 2025

Starting on Wednesday, 20 basic basket products will have a 20% discount for the next 60 days

A spokesman for medium-sized companies supported the decision, saying that the previous arrangement was ‘Kafkaesque’

They will be subscribed to in pesos and paid for in US dollars

The president said on Thursday that there will be no restrictions on the blue dollar although the decree does not include changes to foreign currency law

The document contains over 300 articles annulling or modifying laws that protect Argentine workers from predatory business practices

Attempts to modify so many laws must be debated in Congress, not passed via decree, politicians and constitutional lawyers argue

The measures, implemented via decree, attack the role of the state and mark a radical shift towards free markets

Analysts say the decision could encourage investors to dollarize their assets