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The Argentine peso fell sharply against the US dollar on Monday following the appointment of new Economy Minister Silvina Batakis in the informal market.
The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.
After lengthy negotiations at the Olivos presidential residence, President Alberto Fernández appoints Silvina Batakis to replace Martín Guzmán, who resigned amid a crisis in the ruling Frente de Todos coalition.
Argentina's newly-appointed Economy Minister, Silvina Batakis, made a brief statement to the press minutes after taking her oath of office, during which she vowed to stay on the present course of action left behind by her predecessor Martín Guzmán, who resigned Saturday.
Brazil and Argentina have agreed to mutually recognize vehicle safety standards, for which both countries will sign an agreement in July, it was announced Thursday in Brasilia by the ministries of Economy, Infrastructure, and Foreign Affairs.