Government Orders Prepaid Companies to Reverse Fee Increases: Impact on Middle Class

2024-04-18 04:03:34 The Minister of Economy, Luis Caputocelebrated the provision that the increases that the prepaid companies must comply with and thanked the officials of the Ministry of Commerce. “Great job Juan Pazo and Pablo Lavigne, using the institutional tools accordingly, and of course a great relief for the middle class”, he expressed on his … Read more

CAF approved a credit of USD 960 million for Argentina to pay the IMF next week

2023-12-15 19:54:33 In line with what was anticipated by the Minister of Economy Luis Caputothe board of directors of CAF, known as the Development Bank of Latin America, approved this Friday a loan for US$ 960 million for Argentina, with the objective that the country complies with its payments to the IMF next week. Days … Read more

Argentina’s Economic Crisis: Milei Government Announces Austerity Measures, 50% Currency Devaluation

2023-12-13 14:03:59 The government of ultra-liberal Javier Milei devalued the currency by more than 50% on Tuesday, establishing the official exchange rate at 800 pesos per dollar compared to 391 at the close of Thursday, as announced by the Minister of Economy, Luis Caputo, who warned that Argentina is at risk of hyperinflation. “The genesis … Read more

Argentina’s Economic Crisis: Government’s Tough Decisions and IMF Support

2023-12-13 10:55:13 Argentina! The lords of the football world. Home of football legend Lionel Messi. The birthplace of Cuban revolutionary Che Guevara. Argentina, the third largest economic power in Latin America, has many such mountains. But Argentina is going through a severe economic crisis. Essentials are expensive. Inflation is 140 percent (remember it is 5.55 … Read more

the announcement that the Central Bank would make today

2023-12-13 10:35:00 On a day marked by the economic announcements made yesterday by the Minister of Economy, Luis Caputo, The Central Bank will announce that the card dollar will be set at 1,280 pesos. This decision follows an exchange rate devaluation that will come into effect in the coming hours. As published by Infobae -through … Read more

The CGT called an emergency meeting due to Caputo’s economic announcements

2023-12-13 03:18:25 The economic announcements that the minister gave yesterday Luis Caputoto which other measures were later added such as the suspension of retirement mobility and the reversal of the elimination of Earnings, put in a state of alert to the CGTwhich has already called an emergency meeting for this Wednesday. The meeting would translate … Read more

Milei reimposes the Income Tax and will suspend mobility in retirements

2023-12-13 01:57:57 In addition to the measures announced by the Minister of Economy Luis Caputo this afternoon, the Government will seek to modify the current mobility formula to update retirements and reverse the elimination of Earningswith the aim of achieving balance in public accounts. These initiatives, which also include the increase in withholdings on agricultural … Read more

Argentina’s Economic Crisis: Milei Government’s Austerity Measures and Currency Devaluation

2023-12-12 23:05:59 The government of ultra-liberal Javier Milei devalued the currency by more than 50% on Tuesday, establishing the official exchange rate at 800 pesos per dollar compared to 391 at the close of Thursday, as announced by the Minister of Economy, Luis Caputo, who warned that Argentina is at risk of hyperinflation. “The genesis … Read more