Argentina · Country watch
Milei Faces Protests; BCRA Slows Dollar Purchases
Protests against Milei's government intensify; central bank reduces dollar purchases, impacting currency reserves.
In this briefing Javier Milei · Santiago Bausili · Central Bank of Argentina
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Protests Against Milei's Policies Across Argentina
Protests organized by left-wing parties, unions, and student groups took place in various cities across Argentina, including major gatherings in Plaza Congreso and Plaza de Mayo. The demonstrations, dubbed the 'Marcha de la Bronca', were aimed at expressing discontent with President Javier Milei's policies. Participants included political leaders, human rights organizations, and artists, according to Cronica and Perfil.com. Despite the large turnout, La Derecha Diario reports that the protests did not result in any immediate policy changes.
Impact Public-sector employers face disruptions as protests challenge Milei's policies.
Watch Monitor for potential calls for a general strike by unions.
Sources: Cronica ↗, Perfil.com ↗, La Derecha Diario ↗
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
BCRA Slows Dollar Purchases in September
The Central Bank of Argentina (BCRA), led by Santiago Bausili, has significantly slowed its dollar purchases, acquiring only U$S200 million so far in September. On Friday, the BCRA added U$S36 million, closing the week with U$S80 million in total purchases, according to La Gaceta. This slowdown in dollar acquisition reflects a cautious approach amidst ongoing economic challenges.
Impact Currency traders and importers face reduced dollar availability as BCRA slows purchases.
Watch Watch for BCRA's next monetary policy announcement.
Sources: La Gaceta ↗
Trade
Nothing significant reported today.
Politics
Milei's Budget Bill Pauses Austerity Measures
President Javier Milei's new Budget bill indicates a pause in his aggressive austerity measures, known as the 'chainsaw', as he seeks re-election in October 2027. According to Buenos Aires Times, the bill suggests a more moderate fiscal approach in the coming year, likely to ease immediate austerity pressures on public-sector spending.
Impact Public-sector workers see reduced immediate austerity pressures as Milei moderates fiscal policy.
Watch Monitor upcoming budget debates in Congress.
Sources: Buenos Aires Times ↗
Also today in Argentina
- Reino Unido calificó de "inaceptables" las sanciones de Argentina a las empresas que operan en las islas — Cronica
- Repelentes, vacunas e investigación: las acciones del Ministerio de Salud ante nuevos desafíos sanitarios — Cronica
- La minería y energía podrían generar un superávit comercial de USD 477.000 millones entre 2028 y 2035 — La Derecha Diario
- Donald Trump promulgó una ley que endurece las sanciones contra Rusia e Irán — La Gaceta
- Milei y Bullrich vuelven a verse tras el cruce por Discapacidad: la agenda que prepara el Gobierno — La Gaceta
- Cerraron el Paso del Cristo Redentor tras activarse la alerta amarilla por nevadas y vientos — Cronica
- Brasil al rojo vivo: la crisis de la Corte polariza las elecciones — Perfil.com
- A 18 años del colapso de Lehman Brothers: El día que Wall Street tembló y cambió la economía global — Ambito.com
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.