The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.
In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”
Argentina underlined late Monday that the decision on the incorporation of Venezuela as full member of Mercosur was “unanimously” supported by the presidents from Argentina, Brazil and Uruguay during the group’s summit last Friday hosted by President Cristina Fernandez.
Argentine president Cristina Fernández presented on Monday evening a doll made to her image, “Cristinita” which is on sale at a museum next to Government House, Casa Rosada, in downtown Buenos Aires.
President Cristina Fernández took to her Twitter account to say that “the fundamental goal in the unity of the region must be to make sure that the global crisis has the less kind of possible impact in the development of our nations.”
Argentine president Cristina Fernandez said on Wednesday that in an uncertain global scenario the priority of her administration was to ensure jobs and called on all sectors to unite in the defence of the political and economic model implemented since 2003.
Argentina’s chief of the powerful CGT Labour Confederation Hugo Moyano blasted President Cristina Fernandez and her government during a massive rally Wednesday in the heart of Buenos Aires at the highly symbolic Plaza de Mayo.
The two call for dialogue but at the same time argue they are victims of extortion so it is difficult to see reconciliation, rather as escalation of the confrontation between President Cristina Fernandez and organized labour chief Hugo Moyano, particularly following on Wednesday national strike and rally at Plaza de Mayo.
For the first time in decades the powerful Argentine organized labour movement has confirmed it is going ahead with a much debated national strike against a Peronist government, which allegedly rests on support precisely from the unions and a long history of generous labour legislation.
Argentina signed with China a raft of mostly farm-related agreements at a ceremony on Monday in Buenos Aires attended by Chinese Premier Wen Jiabao and his Argentine president Cristina Fernandez.