The crisis in Argentina has been emphasized with the new change of the Minister of Economy

The government announced Sergio Massa as the new ‘super-minister’ who will try to solve the country’s crisis; annual inflation is 64%

Luis ROBAYO / AFPArgentine protests
Protests for universal wages and against the economic crisis marked the week in Argentina

the government of Argentina announced Sergio Massa as the new “superminister” of the Economy after the departure of Silvina Batakis and Argentines took to the streets on Thursday, the 28th, to protest the socio-economic crisis in the country, which has an annual inflation of 64%. Massa is the president of Chamber of Deputies and will be not only Minister of Economy, but also Minister of Production and Fisheries. The parliamentarian is known for her good relations with Cristina Kirchner and Alberto Fernández. On the other hand, he has no economic background, although he is said to have a great relationship with her United States it’s like IMFsomething essential for Argentina, since they have to pay a huge debt and the IMF is helping the country economically so that the nation can get out of this economic crisis.

On the other hand, there were more protests yesterday. They were carried out by leftist organizations and movements demanding a universal basic salary, which would correspond to 3,000 pesos, the value of a basic food basket in Argentina, and a bonus of 20,000 pesos for retirees. Protesters were also against the Central Bank’s decision on a soybean dollar, a measure proposed by the Bank to liquidate soybeans and take $2.5 billion to replenish the country’s foreign reserves. Inflation rose by 5.3% in June, which also caused protests. Within this inflation, the sectors that suffered the most were footwear, clothing, food, health, water and electricity. In food, those that grew the most were sunflower oil, milk and lettuce.

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*With information from reporter Maria Laura Assis

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