• Argentina. Kirchnerista Fernández after the collapse of the peso: "I am not ruling. May Macri put the batteries"
  • Primary elections: Macri's tough defeat against Cristina Kirchner's candidate

Argentine Economy Minister Nicolás Dujovne has submitted his resignation to President Mauricio Macri on Saturday to allow him an "express" relaunch of his administration in the ten weeks remaining until the decisive elections of October 27.

"Under the circumstances, the management you lead needs a significant renewal in the economic area, " Dujovne said in a letter to Macri. Dujovne has been leading the country's economy since January 2017, and everything indicates that it will be replaced by Hernán Lacunza, Minister of Economy of the province of Buenos Aires and who the government sent to Patagonia urgently, where he spent a few days on vacation with his family.

The primary elections of August 11, which determined a resounding triumph of the Peronist Alberto Fernández over Macri, generated a huge impact on the economy. The peso was devalued by 30%, the shares of Argentine companies on Wall Street sank and Argentine bonds lost much of their value.

After the coup of the defeat, Macri reacted with a series of heterodox measures, more typical of the left than the government of the social-liberal court that leads: cancellation of VAT for essential products, freezing of fuel prices, low of soft taxes and credits to various sectors.

The electoral need of Macri does not coincide with the economic creed of Dujovne, which was until this Saturday, in addition, the link with the International Monetary Fund (IMF), an organization that lent 57,000 million dollars to Argentina, whose economy controls minute to minute.

Monday is a holiday in Argentina, so Lacunza, 49, will have a few more hours to prepare a comprehensive package of announcements and coordinate with Guido Sandleris, president of the Central Bank, before the opening of the financial markets on Tuesday.

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