Argentina's monetary authorities Tuesday announced the creation of the “agrodollar,” a special exchange rate for agrifood exporters to liquidate their revenues through formal channels at an exchange rate closer to the parallel (“blue”) quotation.
Car manufacturing in Argentine recorded a substantial increase in April, according to the latest monthly report by the Association of Manufacturers (Adefa), making it the third consecutive month with a favorable output.
Argentina is experiencing an economic and health crisis due to the coronavirus. This is why there are many critics of the management of the Government of Alberto Fernández. One of the most vocal is the former president and current vice-president, Cristina Fernández de Kirchner.
Argentines left their homes in droves as banks reopen their branches to give out government assistance. Thousands of pensioners and citizens who receive government welfare lined up outside banks to get their monthly payments. Branches, which have been closed since a nationwide lockdown began March 20, reopened Friday so that citizens who can't receive the payments on debit could receive the cash.