The court has suspended Milei’s decree that restricts the right to strike following a challenge from labor groups. A labour court in Argentina has put a hold on a portion of a decree from President Javier Milei that limited the right to strike and broadened the definition of “essential services” necessary to ensure operations during industrial … Read more
The demand for dollars in Argentina reached its peak since 2019 following President Javier Milei’s near-complete removal of foreign-exchange restrictions in the economically vulnerable South American country. In April, approximately one million Argentines acquired a total of US$1.9 billion in foreign currency, as reported by the Central Bank. That represents a significant increase from March, when … Read more
US President Donald Trump announced on Friday his intention to increase steel and aluminium import tariffs to 50 percent, effective next week. This move represents a continuation of his trade wars, which are designed to safeguard domestic industries. “We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into the United … Read more
Argentina asserts its re-entry into global markets through the issuance of peso-denominated bonds. Argentina’s government will issue a five-year bond denominated in pesos aimed at international investors who are permitted to purchase it in US dollars, a move the government celebrated as its return to global markets following a sovereign restructuring during the pandemic. On Monday, … Read more
Argentines are well aware of their historical context, having indulged in spending sprees previously funded by the Central Bank, which consistently culminated in economic disaster: during the late 1970s, the 1990s, and the mid- to late 2000s. Milei faces the significant challenge of persuading them that the status quo will not persist. In the initial … Read more
Milei’s overhaul permits Argentines to transfer up to US$43,700 without any inquiries made. President Javier Milei has put forth a proposal to reform Argentina’s tax system, aiming to reduce bureaucratic obstacles and promote the utilization of previously undeclared greenbacks. The nation’s tax authority, ARCA, will cease the collection of extensive data from individuals and enterprises, encompassing transactions … Read more
The government has announced that the special unit, established and subsequently disbanded by President Javier Milei, has concluded its investigation into allegations concerning the controversial cryptocurrency scandal, having completed its “assigned task.” President Javier Milei has disbanded a specialized investigative unit that he personally created to examine purported misconduct in his contentious endorsement of the … Read more
Milei affirms a dollar plan that requires no inquiries, encompassing cash savings, tax evasion, and bank robbery. In a television interview on Monday, President Javier Milei expressed that he “does not care in the slightest” about the means by which Argentines acquired their dollars, seemingly endorsing tax evasion while minimizing the potential dangers associated with engaging … Read more
Milei postpones the implementation of the ‘mattress dollars’ initiative in light of the upcoming City election. The administration of President Javier Milei has deferred the declaration of new initiatives aimed at incentivizing savers to reintegrate their accumulated dollars into the formal economy. Following a period of anticipation, Presidential Spokesperson Manuel Adorni stated on Thursday that the “economic … Read more
In April, Argentina experienced a more significant deceleration in inflation than anticipated, even in light of a shift in currency policy that market participants had predicted would increase volatility. Consumer prices increased by 2.8 percent from March, falling short of the 3.2 percent median estimate provided by analysts surveyed by Bloomberg. That figure has decreased from … Read more