The incoming government of Argentine president Mauricio Macri is about to receive its first financial boost from overseas, which according La Nacion sources could be in the range of 8 billion dollars.
Argentina Central Bank President Alejandro Vanoli resigned Wednesday under pressure from President-elect Mauricio Macri, who plans to remove currency controls with reserves standing at a nine-year low.
Inflation in Argentina clocked 1.53% in June accumulating 27.9% in the last twelve months according to the report released on Tuesday by members of the Congressional opposition based on an average from private consultants. This week Argentina's government stats office, Indec in scheduled to announce the official rate.
Argentine annual inflation for 2013 was 28.38% after soaring 3.38% in the month of December alone, according to the Congressional consumer price index, which is a survey that takes the average of several consultancy firms.