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New Economy Minister Set To Announce Fresh Economic Measures

ARGENTINA
  • New Economy Minister Sergio Massa is preparing a set of measures to address one of Argentina’s key problems: a chronic shortage of dollars that has caused the US currency to soar in parallel exchange markets.
    • Argentina considers measures to encourage farmer crop exports (BBG)
    • Argentina seeks to attract FDI, direct tourism dollars to banks (BBG)
  • As a reminder on Monday, the newly appointed Massa named Raul Rigo as Treasury Secretary, according to a published tweet.
    • Rigo served as Treasury Secretary with former Economy Minister Martin Guzman, who resigned on July 2.
  • Lisandro Cleri was named vice president of the central bank, according to a Twitter thread updated later on Monday and economist Daniel Marx has also been tapped to sit on the ministry’s debt markets committee.

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