Argentine President Alberto Fernández s announcement that he would not seek reelection was welcomed within the ruling Frente de Todos (FdT) coalition, which now has the opportunity to submit several candidacies to be decided upon at the Aug. 13 Open, Mandatory and Simultaneous Primary (PASO) elections.
President Alberto Fernández s announcement Friday that he would not seek reelection this year triggered the US dollar further up against the Argentine peso, reaching AR$437 / AR$442 (buy/sale) at the “blue” (a euphemism for “black market”) exchange rate. Meanwhile, the official rate stood at AR$217/AR$225 (buy/sale), for a gap of 102.26% between the two quotations.
President Alberto Fernández of Argentina announced in a video message on his social media that he will not seek re-election in the upcoming presidential elections. In his message titled My decision, Fernández admitted the main problems of his government s management and described the defeats in economic matters of his administration.