The Central Bank has been buying dollars for 20 consecutive rounds
The Central Bank bought 52 million dollars in the exchange market on Monday, marking the 20th consecutive round with positive results. The blue dollar increased by 7 pesos, reaching 717 pesos per unit. The stock market in Buenos Aires fell again by 3.5 percent.
The Central Bank has been buying dollars for 20 consecutive rounds
13:54 – Dollar today, The blue dollar increased by 8 pesos
Blue dollar $715.00 to buy and $725.00 to sell. Official dollars are $346.18 and $366.18, respectively. The gap between regulated and unofficial dollars is 106.54%.
“Dollarization is a mirage that must be avoided”
Economics professors and researchers at various public and private universities in the country and abroad, private sector economists and public policy makers issued an open letter on Sunday in which they questioned the formal -dollars in the economy proposed by presidential candidate Javier Milei, they confirmed. which is very expensive to apply, it will not solve the structural problems facing the country and if its ineffectiveness is shown it will be very difficult to reverse the initiative. “The dollarization of the economy is a mirage that must be avoided,” they continued. “170 failed economists who failed both in the classroom and in action in the fight against inflation came to condemn a solution to the monetary scam,” replied Milei from his X account with the attachment Bible quote.
“Dollarization is a mirage that must be avoided”
Border tension over toll collection on the Paraná Waterway
The governments of Paraguay, Brazil, Bolivia and Uruguay have made public a document in which they have asked Argentina to stop charging tolls in the northern Santa Fe section of the Paraná-Paraguay Trunk Waterway (VNT). The General Administration of Ports (AGP), the current concessionaire, began collecting fees in January of this year to finance the maintenance of the road. Until 2022, the State of Argentina subsidizes the dredging and beaconing of the section, which costs about 20 million dollars.
Border tension over toll collection on the Paraná Waterway
About useless subsidies to Argentina
It is true that in Argentina there are many taxes, but it is also true that there is a privileged minority with very high incomes who pay very little.
About useless subsidies to Argentina
Why the EU is looking again at Latin America
The war in Ukraine, the situation of the strategic dispute with China and the need to access important raw materials to meet the energy transition have prompted the European Union to reevaluate its link with Latin America. This was shown at the last EU-Celac summit, where the EU re-launched the Global Gateway strategy and promised investments of 45 billion euros for the region.
Why the EU is looking again at Latin America
In August, labor inflation exceeded double digits and reached 10.7%
Labor inflation exceeded double digits and reached 10.7 percent in August, according to the Institute of Workers Statistics (IET) of UMET. In eight months, the price increase accumulated an increase of 81 percent and in year-on-year comparison it increased to 121.5 percent. If inflation averaged 10.7 percent per month in the remaining four months of the year, it will reach 171.8 percent this year. If, on the contrary, the January-August average (7.7 percent per month) follows, the cumulative change in 2023 will be 143.5 percent.
In August, labor inflation exceeded double digits and reached 10.7%
Suggestions for entrepreneurs
“Without companies there is no country,” members of the Argentine Business Association (AEA) said in a statement. The owners of the most important companies in the country released a document at the end of the week in which they made a critical diagnosis of the current state of the country, condemning the “plague” of inflation, fiscal deficits, the lack of a “respectable currency.” ”, the “too high” tax pressure and price controls, and other variables.
Suggestions for entrepreneurs
Cavallo, the father of all creation
“I have told him but he doesn’t listen to me (…) he makes a serious mistake in trying to explain what he is going to do,” said Domingo Cavallo in a television interview, revealing the relationship between the permanent consultation that he maintains with the candidate for president of La Libertad Avanza, Javier Milei. But the former minister of one to one, the privatization of the government of Menem and the explosion of De La Rua not only has oily ties and bottom line of libertarians, but also holds regular meetings with the whole group of economist of Together for Change , contact intensified in public meetings of economists offended by the appointment of Carlos Melconian, as the technical interpreter of Patricia Bullrich’s speeches. An additional fact: he also made arrangements through recommendations, for the migration of cadres from bullrichism to Milei fines, which “Mingo” saw outlined to guarantee access to the second phase .
Cavallo, the father of all creation
The end of the tax on the payment of work, which is not profit
“I want to inform you of a conviction: the salary is not profit, it is payment, it is payment for the work and effort made by each worker, and it is shameful that in a country where we promote work, workers pay taxes on income. ” With this definition in the background, a central conceptual change in tax policy, Sergio Massa began, on a stage set up in the Plaza de Mayo, the announcement that starting in 2024, when the project sent to Congress successfully, the fourth category of profit tax, tax “Income from personal work in a dependency relationship” and in retirement, will be eliminated and, therefore, will stop paying taxes, regardless of amount of wages.
The end of the tax on the payment of work, which is not profit
The Government intends to expand the rights for platform workers
The Minister of Labor, Raquel Kelly Olmos, announced this Monday that the Government will send to Congress a bill that aims to expand the framework of labor rights for workers in the digital platform. The official indicated that the initiative is part of the joint work between his portfolio and the Ministry of Economy, led by the presidential candidate of Unión por la Patria (UxP), Sergio Massa.
The Government intends to expand the rights for platform workers
10:22 – Dollar today, The blue dollar is trading stable
Unofficial dollar $707.00 to buy and $717.00 to sell. Regulated dollars were $347.02 and $367.02, respectively. The gap between these two types of dollars is 103.73%.
