Online betting platforms have been reported by Argentine media to be paying 1.85 if Libertarian Congressman Javier Milei wins the Nov. 19 presidential runoff and 1.7 if Economy Minister Sergio Massa does. In other words, AR$ 10,000 could become AR$ 18,500 or AR$ 17,000 depending on the outcome.
Although most local media were reluctant to say who had won Wednesday’s debate between vicepresidential contenders Agustín Rossi (Unión por la Patria – current Cabinet Chief) and Victoria Villarruel (La Libertad Avanza – current Congresswoman), it could be determined by neutral observers that Economy Minister Sergio Massa’s running mate was somewhat uncomfortable with the situation.
Argentina’s opposition candidate Javier Milei said in a TV interview with Peruvian anchor Jaime Bayly that he was not sure he would accept defeat at the Nov. 19 runoff against Economy Minister Sergio Massa.
A recent report from Moody's heralded that a macro-fiscal adjustment is inevitable in Argentina regardless of who wins the Nov. 19 runoff between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei.
Brazilian President Luiz Inácio Lula da Silva’s Workers’ Party (PT) announced it would support Argentina’s Economy Minister Sergio Massa against Libertarian Congressman Javier Milei in the Nov. 19 runoff.
Argentina's state-run oil company YPF ordered an average increase of 9.75% in the prices of gasoline and diesel oil at pumps, as the freezing deal between the Economy Ministry and fuel producers came to an end Oct. 31 following a 12.5% adjustment the week after the Aug. 13 Open, Mandatory, and Simultaneous Primary (PASO) elections and their ensuing devaluation of the local currency.
Fuel supply in Argentina is slowly getting back to normal as an increase in the price at pumps has been admitted onto a negotiating table, it was reported in Buenos Aires. After shortages throughout the weekend, the Government acquiesced to an increase in the price of gasoline.
Argentine Economy Minister and presidential candidate Sergio Massa warned oil companies that unless the fuel shortages are solved by Tuesday, they would not be allowed to ship any exports abroad, it was reported.
The “blue” (a euphemism for “black market”) dollar has fallen sharply against the Argentine peso this week after Sunday's elections and the subsequent fracture within the opposition JxC coalition regarding whether to support or not Libertarian Congressman Javier Milei's bid against Economy Minister Sergio Massa at the Nov. 19 runoff.
The blue (a euphemism for black market) dollar stood at AR$ 1,100 Monday, an AR$ 200 increase from Friday's quotation, after Sunday's elections which saw Economy Minister Sergio Massa and Libertarian Congressman Javier Milei advance to the Nov. 19 runoff, it was reported in Buenos Aires.