Argentina

  1. Argentina: Minister Luis Caputo announced President Javier Milei's austerity plan with the official exchange rate set at $800

    Argentina: Minister Luis Caputo announced President Javier Milei's austerity plan with the official exchange rate set at $800

    The official exchange rate is set at $800 with an estimated monthly adjustment of 2%. At the same time, the PAIS tax increases to 17.5%, bringing the importer's dollar to $940 (official exchange rate plus 17.5% PAIS tax). Meanwhile, dollars for export will have a 15% retention (80% MULC and 20% CCL), resulting in a value of $860, and the card dollar will be $1320 (30% PAIS tax, 35% income tax, and elimination of Personal Assets tax).

    Region:
    Argentina
    Category:
    Politics
  1. Javier Milei promises to transform Argentina: 'Today begins the reconstruction and the end of the decline'

    Javier Milei, the president-elect of Argentina, already has more than half of his Cabinet, but the most important positions are still pending. He would leave only 8 ministries, but has not yet announced the appointments for Economy and Security. Nicolás Posse is set to become the Chief of Staff, Diana Mondino for Foreign Affairs, and Guillermo Francos is a potential candidate for the Interior

    Region:
    Argentina
    Category:
    Politics
    Javier Milei promises to transform Argentina: 'Today begins the reconstruction and the end of the decline'