While the government celebrated the result as proof that banks are lending to the private sector, analysts say it’s too early to tell
While the government celebrated the result as proof that banks are lending to the private sector, analysts say it’s too early to tell
A 10-point cut to the tax, for trade purposes only, took effect on Monday morning
The reduction from 17.5% to 7.5% will not affect credit or debit card purchases in U.S. dollars
President Javier Milei thanked Economy Minister Luis Caputo for the reduction
Caputo is going all-in on fighting inflation — postponing reserve accumulation and economic reactivation to do so
The Fund’s managing director said it supports the government’s efforts to ‘turn the economy around’
The economy minister also said that Argentines would have to sell their U.S. dollars to pay taxes during an interview
While Milei says this is the first step toward lifting currency controls, critics worry about the depletion of international reserve
President Milei said the move is part of the government’s plan to close all emission sources