Facing economic crisis, Argentina picks Fernandez as president

4 Yrs Ago
Facing economic crisis, Argentina picks Fernandez as president
Supporters celebrated on the streets after Alberto Fernandez and Christina Fernandez de Kirchner were elected on Sunday

Buenos Aires, Argentina -  Argentina on Sunday elected Alberto Fernandez its new president in the hope of a reprieve from the country’s crushing economic crisis, but just hours later the central bank imposed significantly stricter controls on the purchase of US dollars underlining the scale of the economic challenge he faces. 

The Peronist ticket of Alberto Fernandez and former populist president Cristina Fernandez de Kirchner won a decisive victory over the incumbent Mauricio Macri, a conservative, in the highly-anticipated poll. 

More:

Fernandez's win unleashed euphoria in parts of Buenos Aires, as supporters cruised the streets honking their car horns, and a wave of people surged towards the neighbourhood of Chacarita, where the official victory party was being held. 

Speaking to supporters at his party's headquarters, Fernandez thanked voters for showing a commitment to building a more equal Argentina. 

"We're going to be the Argentina that we deserve because it's not true that we're condemned to this Argentina," he said.

"We're going to enter the world with dignity. The government is back in the hands of the people!"

Macri conceded defeat and invited Fernandez for breakfast to begin the transition process.

"The only thing that matters here is the future and well-being of Argentines," he told his crowd of supporters, promising a "constructive opposition". 

But after the victory speeches, the central bank revealed that as of Monday, a maximum of $200 a month could be purchased via a bank account, or $100 in cash. That is down from the previously imposed limit of $10,000.

 

The bank said the measures were an attempt to preserve the country's reserves, which have been depleting as it shores up the value of the Argentine peso.


አስተያየትዎን እዚህ ያስፍሩ

ግብረመልስ
Top