The Argentine opposition strongly criticized the budget bill sent to Congress and questioned the real growth of the economy during the current year, wondering who are the real holders of sovereign bonds tied to GDP growth maturing later this year.
The Argentine economy remained flat in the second quarter of the year compared to the same time period of 2011, the poorest performance in three years, according to the national statistics office Indec.
The Argentine Central bank has issued a new 100 Pesos bill to honour the figure of Eva Duarte de Perón, and a 2 Pesos coin commemorating the thirtieth anniversary of the landing of Argentine troops in the Malvinas Islands.
Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate
The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.
Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.
Argentina launched an aggressive campaign to boost domestic tourism this coming summer season by publishing hotel, food and rent prices of resorts along the Atlantic coast and comparing them with similar options in Mercosur partners such a Uruguay, Brazil and Chile.
Paypal is to prevent users in Argentina from transferring money between their own accounts. The online payment service said that from 9 October: Argentina resident Paypal-users may only send and receive international payments.
The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.
Iran's Foreign Minister Ali Akbar Salehi formally requested his Argentine counterpart Héctor Timerman for a meeting to be held next week at the United Nations General Assembly, the Ministry reported.