Judge Simon Picken ordered Argentina to pay US$1.46 bn plus interest

Designed to help accumulate crucial currency reserves, the special exchange rate will apply to soy and other agricultural products

Education costs jumped by a quarter and food and drinks rose by 9%

The case relates to payments due on euro-denominated securities linked to Argentina’s gross domestic product in 2013

The lender says Argentina has become “less reliable”

Last year’s fourth-quarter bonanza, with a net repatriation of over US$ 166 million ended in the first two months of 2023.

The lender did not modify the 1.9% fiscal deficit goal for 2023

However, they have not confirmed a relaxation of reserve accumulation targets.

Access to the new pension buyback scheme will be defined by the ANSES