Argentina will issue 10_000 and 20_000 dollar notes. What has the effect of reforms since Millay took office for 100 days_

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Local time 18, the Argentine central bank confirmed that the face value of 10,000 Argentine pesos and 20,000 Argentine pesos will be officially put into circulation in June this year.

In recent years, the face value of banknotes issued by Argentina has been increasing due to persistent high inflation and serious currency depreciation. In 2016 and 2017, Argentina issued banknotes with a face value of 500 pesos and 1000 pesos respectively. The 2000 peso note, which went into circulation in May last year, is currently the largest denomination note on the Argentine market.

Argentina’s monthly inflation rate reached 132% in February, with a cumulative inflation rate of 2762% in the past 12 months, according to data released by Argentina’s National Bureau of Statistics on the 12th. (gong Xiangcheng, a reporter from the front desk)

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Buenos Aires, March 19 / PRNewswire-FirstCall-Asianet /– what is the effect of the reform since Argentine President Mile took office 100 days ago?

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Since taking office in December last year, Argentine President Mile has launched a series of shock therapy reform measures aimed at saving the economy, with a view to reducing the fiscal deficit and controlling inflation. Among them, the two major reform measures proposed by the Mile government are still pending due to parliamentary procedures.

At present, Argentina has achieved a fiscal surplus for two consecutive months, and the inflationary pressure has eased somewhat, but the difficulties such as the increase in unemployment, the decline in industrial production and rising prices still exist. Analysts believe that whether the reform can be supported by Congress, whether inflation can be controlled and whether public anxiety can be calmed down are still challenges facing the Mile government.

The prospect of reform is uncertain.

In his first month in office, Mile launched two major reform measures, namely, the necessary emergency decree on the basis of Argentina’s economic reconstruction and the comprehensive bill called the foundation and starting point of Argentine freedom, covering the amendment or repeal of hundreds of laws and regulations, respectively, aimed at relaxing government and legal controls on economic names, reducing the fiscal deficit and facilitating import and export trade. In addition, Mile also devalued the Argentine peso significantly.

On March 14, the Argentine Senate voted down the necessary emergency decree signed by Mile, which will then be submitted to the Argentine House of Representatives for consideration and vote. According to Argentine law, even if the decree is rejected by the Senate, it can take effect as long as the House of Representatives votes to pass it; if the House of Representatives votes to reject it, the decree will be completely null and void. The comprehensive bill introduced by Mile has not been passed by Congress before, and is now planning to amend the provisions of the bill to be submitted to Congress for consideration.

Analysts believe that the resistance to Mile’s reform mainly comes from the left and trade unions. at present, as the ruling party and left-wing opposition parties do not have a majority in both houses, Mile still needs to win the support of centrist parties to promote the implementation of the reform.

Sun Hongbo, associate researcher at the Institute of Latin American Studies of the Chinese Academy of Social Sciences, believes that the Mile government intends to carry out a systematic and radical reform, but the relevant reform measures currently face various political checks and balances. Generally speaking, the Mile government is facing the constraints of many forces, such as the ruling coalition, left-wing political parties, local governments, trade unions and so on, and there is a lot of uncertainty about the prospect of its radical reform.

The plight of people’s livelihood needs to be alleviated.

Recently, a lot of news has been seen as positive by the Argentine government: Argentina’s central bank cut its benchmark interest rate to 80%, a fiscal surplus for two consecutive months, an easing of inflationary pressures, the International Monetary Fund approved a further $4.7 billion loan to Argentina, and Argentina completed a debt swap of more than $50 billion. Despite this, Argentine people are still plagued by rising unemployment, rising prices and other problems.

In March, Argentines ushered in the day to return to work and start school, but many people were laid off. Argentine media reported that companies said sales had fallen sharply and could not afford to hire so many employees. The dark clouds of unemployment, poverty and rising prices hang over the Argentine people.

Argentine sociologist Marcelo Rodriguez said the unemployment rate in Argentina is expected to rise in the future as more than 50, 000 jobs have been lost as a result of government cuts, layoffs and no longer injecting funds into public projects.

According to a recent report by Argentina’s Financial Circle, the latest report of the Argentine Federation of Industries showed that in January this year, Argentina’s industrial production index fell to 299%, the lowest level on record, and was in a contraction range of less than 50% for the seventh month in a row. The report said that the output of more than half of the small and medium-sized enterprises surveyed declined, and several sets of data showed that the plight of industrial production in Afghanistan intensified, with small and medium-sized enterprises bearing the brunt.

A staff member of the United Nations Children’s Fund (UNICEF) office in Argentina recently said that in the first quarter of 2024, the poverty rate of children and adolescents in Argentina will reach about 70%, and the rate of extreme poverty will reach 34%.

Since the beginning of this year, large-scale strikes and demonstrations have broken out in Argentina many times to oppose the reform measures of the Mile government. On March 18, a number of trade union organizations in Argentina launched a march in the capital Buenos Aires and other cities across the country. In January, a number of national trade unions and left-wing organizations in Argentina also held a national strike to protest against the Mile government’s reform measures ignoring the rights and interests of labor and social vulnerable groups, resulting in the suspension of services in banks, gas stations, airports, aviation, sanitation and other industries in many parts of Argentina.

The economy faces the challenge of stagflation

Argentine economist Gustavone believes that the Mile government has reversed the declining trend of Argentine dollar reserves after 100 days in power, but the country’s economy still faces the challenge of stagflation.

Inflation in Argentina was 132 per cent in February, down from 206 per cent in January and 255 per cent in December, according to the Argentine National Institute of Statistics and Census. The cumulative inflation rate in the past 12 months reached 2762 per cent. Rosendo Fraga, a researcher at Argentina’s National Institute of moral and political Sciences, believes that although the monthly inflation rate has decreased, inflation is still at a high level.

The International Monetary Fund (IMF) released a report on January 30 predicting that Argentina will face recession and rising inflation in the context of a sharp adjustment in economic policy. The report predicts that Argentina’s economy will contract by 28% in 2024.

Argentina’s TN news channel recently quoted Moody’s investor service, an international rating agency, as saying that the Argentine economy is expected to contract by 5% in 2024, far more than the 25% forecast in November 2023. In terms of inflation, Argentina’s inflation rate is expected to exceed 280% in 2024 and still exceed 220% in 2025. (source: Xinhua)

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China-Singapore, Beijing, July 16 (Reporter Sun Zifa) Springer Nature’s professional academic journal “Nature Astronomy” recently published a planetary science paper saying that researchers have discovered a potentially accessible underground tunnel originating from an open pit on the moon. Evidence of tunnel. The results of this study have enhanced people’s understanding of lunar geology and may become an ideal location for a lunar base, thus potentially serving as a refuge in future manned missions on the lunar surface.

The paper said that more than 200 craters known as skylights have been discovered on the lunar surface, some of which were formed after the collapse of underground lava tubes. Accessible lava tubes or channels may provide a warmer environment than the lunar surface, but it has previously been uncertain whether they can lead to large underground caves.

In this study, co-authors of the paper, LC and LB of the University of Trento in Italy, and collaborators, analyzed radar data from the Lunar Reconnaissance Orbiter and found that radar brightness on the west side of the crater increased. Jinghai Crater is the deepest known crater on the moon, with a radius of approximately 100 meters, with vertical or overhanging walls and a sloping bottom.

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First case_ A Russian man has been expelled for spreading military_related rumors

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According to a report by the Russian News Agency on March 20, Russian law enforcement sources revealed that a man was sentenced and expelled from Russian citizenship by the Krasnodar District Court for spreading military-related rumors.

Reports said that in July 2023, Russian Alexander Somryakov was sentenced to six years in prison for deliberately spreading false information about the Russian army. The man posted a post on social networks about Russian troops suspected of committing crimes in Mariupol and other places.

Somryakov pleaded guilty to some facts at a trial in July last year, saying he knew that the information released was false. But he wanted the information to be tried by the public and to attract traffic.

The report pointed out that before this, there had been no cases of convictions and revocation of citizenship in Russia under the Criminal Code.

In October 2023, the “The Russian Federation Citizenship Law” came into effect, which includes a system of cancellation of nationality. Offences against public and personal security are one of the grounds for being convicted of revocation of nationality. At the same time, the decision to revoke nationality is not affected by the time of the crime, the date of sentence and the date of naturalization. (Compiled by Li Ran)

Trump_s post_80s running mate announced that the US Republican Party has officially nominated Trump as its presidential candidate

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CCTV reporters learned that on July 15, local time, former U.S. President Trump announced at the Republican National Convention in Milwaukee, Wisconsin that Ohio Senator James David Vance (JDV) would serve as his vice presidential candidate. Participate in the 2024 presidential election.

James David Vance was born on August 2, 1984 in Middletown, Ohio. He served in the U.S. Marine Corps, is a writer and venture capitalist, and was elected to the Republican U.S. Senate in 2022. (CCTV reporter Liu Xiaoqian)

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The US Republican Party officially nominated Trump as its presidential candidate

On July 15, local time, at the Republican National Convention of the United States in Milwaukee, Wisconsin, a Republican representative announced that Trump would participate in this year’s U.S. presidential election as the Republican presidential candidate.

Subsequently, at the Republican National Convention, former U.S. President Trump received enough Republican delegate votes and was officially nominated as the party’s presidential candidate in the 2024 general election. (General reporter Liu Xiaoqian)

Biden signs bill to ban U.S. imports of Russian uranium

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Washington, May 13 (Reporter Deng Xianlai) U.S. President Biden signed a bill on the 13th to ban the United States from importing low-enriched uranium produced in Russia.

Jack Sullivan, U.S. National Security Assistant to the President, issued a statement on the same day saying that Biden signed the “Ban the Import of Russian Uranium Act” and made it law, aiming to reduce and ultimately eliminate the U.S. dependence on Russia in the civil nuclear energy field.

The bill has previously been passed in the U.S. House of Representatives and Senate. According to regulations, 90 days after the bill takes effect, U.S. companies will not be allowed to import low-enriched uranium produced in Russia. The bill provides exemptions for utilities such as nuclear power plants that have to shut down nuclear reactors due to cutting off Russia’s uranium supply. The exemption policy will expire no later than January 1, 2028. The bill also authorizes the federal government to allocate $27.2 billion in funding previously approved by Congress to enhance the U.S. domestic uranium enrichment capabilities.

According to the Washington Post, U.S. companies currently import about US$1 billion worth of enriched uranium from Russia’s national atomic energy every year.

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