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Argentine gov't orders 22% devaluation of the peso

The Government of Argentina Monday ordered a 22% devaluation of the national currency which stood at AR$ 365 / US$ 1 on the official market. Financial authorities also raised the interest rate from 97% to 118% annually, it was reported in Buenos Aires. Thus, the monthly rate will be 9.83% and the effective annual rate will be 209%.
Buenos Aires Distrito Federal Libertad Avanza Javier Milei Central Bank Argentina Monday

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Argentina: "Blue" dollar reaches AR$ 600 — MercoPress

The “blue” (a euphemism for “black market”) dollar in Argentina Wednesday pierced the AR$ 600 barrier for the first time just days ahead of Sundays Simultaneous, Open, and Mandatory Primary (PASO) elections while the official quotation neared AR$ 300, it was reported in Buenos Aires.
Buenos Aires Distrito Federal Argentina Central Bank International Monetary Fund Argentina Wednesday Mandatory Primary

Killing of 11-yr-old girl halts all political rallying in Argentina

All candidates, presidential or otherwise, have suspended their campaign closing rallies for Sundays Simultaneous, Open, and Mandatory Primary (PASO) elections after Morena Domínguez, an 11-year-old girl, was killed Wednesday when motorbike robbers took her backpack at 7.20 am on her way to school in Lanús, a municipality in the province of Buenos Aires just south of the Argentine capital.
Buenos Aires Distrito Federal La Plata Villa Diamante Patricia Bullrich Larreta Jx

Argentina: "Blue" dollar keeps soaring as elections loom over — MercoPress

The “blue” (a euphemism for “black market”) dollar rose another AR$ 10 Tuesday, reaching AR$ 560, its highest quotation ever, less than two weeks ahead of the Open, Simultaneous, and Mandatory Primary (PASO) elections in Argentina, it was reported in Buenos Aires. The gap with the wholesale (official) dollar stood at 102.79%. So far in 2023, the US currency in the parallel market accumulates an increase of AR$ 214 after closing 2022 at AR$343.
Buenos Aires Distrito Federal Sergio Massa Free Foreign Exchange Market Argentina Central Bank Mandatory Primary

Opposition candidate wins gubernatorial elections in Argentine province of Chubut

Ignacio Torres of the opposition Together for Change (Juntos por el Cambio - JxC) alliance finally won Sundays gubernatorial elections in the Argentine province of Chubut with 35.71% of the votes, edging Arriba Chubuts Juan Pablo Luque, who collected 34.11% and would not admit defeat until Monday.
Buenos Aires Distrito Federal Patricia Bullrich Alberto Fern Ignacio Torres Cristina Fern

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