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Argentina Advances Key Reforms with PASO Suspension and Currency Liberalization

The Milei administration pushes its agenda forward as the Chamber of Deputies approves the PASO suspension and law enforcement intensifies efforts against organized crime.

Overview

  • The Chamber of Deputies passed a bill to suspend this year's PASO primary elections with 162 votes, moving the proposal to the Senate for final approval.
  • The government lifted long-standing currency exchange controls, a significant step in its libertarian economic agenda, aiming for freer market operations.
  • Chief of Staff Guillermo Francos is set to face interpellation in Congress over the $Libra cryptocurrency case as scrutiny on the administration's ties to the project grows.
  • Negotiations between La Libertad Avanza and the PRO party continue, with tensions highlighted at a recent Fundación Libertad dinner but public statements suggesting potential alignment.
  • Simultaneous police raids resulted in arrests tied to a corporate robbery, showcasing the administration's intensified focus on combating organized crime.