Page 2 - Simultaneous Primary News Today

Argentine President Alberto Fernández called off his trip to Johannesburg after learning that his country would not be -at least for now- joining the BRICS (a trade bloc made up of Brazil, Russia, India, China, and South Africa) during the ongoing XV Summit, it was reported in Buenos Aires.

Argentinas Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the countrys leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.

Argentine presidential hopeful Javier Milei of La Libertad Avanza Wednesday confirmed he would be holding a virtual conference with International Monetary Fund (IMF) authorities on Friday. The single most-voted candidate in last Sundays Open, Mandatory, and Simultaneous Primary (PASO) elections said he would be joined by his “economic council.”

The blue (a euphemism for black market) dollar reached a new all-time-high Wednesday in Argentina and closed at AR$ 780 after hitting AR$ 800 at some point during the day, it was reported in Buenos Aires. On Tuesday it traded at AR$ 730 after Mondays 22% devaluation which drove it from AR$ 600 on Friday. It traded at AR$346 at the end of 2022.

Libertarian Congressman Javier Milei, who was the most-voted candidate in Sundays Open, Mandatory, and Simultaneous Primary (PASO) elections, said he was ready to take over the helm at Casa Rosada at once should President Alberto Fernández and his constitutional successors step down ahead of the Dec. 10 schedule.

Argentinas National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.

The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Mondays decision to devaluate the local peso in the aftermath of the governments poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections.

The libertarian economist Javier Milei, leading the front “La Libertad Avanza,” (far-right) has emerged as the frontrunner in Argentinas Open, Mandatory, and Simultaneous Primary (PASO) elections, as indicated by the initial provisional scrutiny results released on Sunday.

A total of 27 tickets have been competing since 8 am local time Sunday in Argentinas Open, Mandatory, and Simultaneous Primary (PASO) elections to decide who may run on Oct. 22 for the Casa Rosadas 2023-2027 term.

The “blue” (a euphemism for “black market”) dollar climbed AR$ 3 and reached AR$ 605 on the last working day before Sundays Open, Mandatory, and Simultaneous Primary (PASO) elections in Argentina, it was reported Friday in Buenos Aires. Meanwhile, the official exchange rate closed at AR$ 300.