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Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).
Buenos Aires City Mayor Rodriguez Larreta speaks in an interview; Opposition leader says economic strategy needs political accord first.
With inflation forecasts reaching 100% for the year, IMF Western Hemisphere Director Ilan Goldfajn cautions Argentine officials against “different FX measures or prices."
Argentina’s economy plateaued in July as an inflation spike caused by political volatility paralysed some sectors.
Economy grew more than expected in the second quarter of the year as rising commodity prices boosted exports.