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- ARGENTINA PRESIDENTIAL PRIMARIES ELECTION COUNTING -
Official ™ /SCI/ half-hour update on the count

Last update for the night folks, heading to bed now.
Outstanding performance, have a good night and God bless you all my dear friends.

Update: - 08/14/2023 - 02:01
Voter turnout - 69,62%
Booths installed: 104,532
Booths processed: - 99,956 - 95,62%

La Libertad Avanza: - 30,15%
Juntos por el Cambio: - 28,26%
Union por la Patria: - 27,18%
Hacemos: - 3,88%
Empty Ballots: - 4,73%
Frente de Izquierda: - 2,64%

Minimum threshold of 1.5%

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BLUE DOLLAR UPDATE: $670

The Argentine Central Bank also devaluated the official currency value to 350 pesos per USD this is a 25% increase in a single day.

With the PASO over the IMF transfer of 7.5 billion dollars should be arriving soon, likely this week.

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For Agustín Rossi, Milei's triumph "is a danger to Argentine democracy" The candidate for vice president of Unión por la Patria and current chief of staff, questioned the result of the PASO. In addition, he pointed out that in the case of winning in October, it would be "a prodictatorship government" that will defend the ideas of Jorge Rafael Videla.

Uhhhh based???

⚠️Breaking

🇪🇨Political leader Pedro Briones was assassinated in San Mateo, Esmeraldas, Ecuador.

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Santiago Peña assumes the presidency of Paraguay for the ANR Colorado party, he will lead the nation for the next 5 years.

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BLUE DOLLAR UPDATE: $715

The IMF transfer of 7.5 billion dollars (with apparently a further 2.5 billion later) should will be arriving late next week.

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The United States federal goverment reacted after the PASO and clarified that in October it does not support any specific candidate.

A State Department spokesperson told Clarín that they hope to cooperate with the next government. Milei however creates uncertainty in Washington and Wall Street with Argentine stocks taking a dip amongst the surprising results which saw ALL polls being wrong.

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Javier Milei assured that he was contacted by the IMF after his Sunday victory and in the next few days they will meet:
"They contacted my sister to have a meeting, we are seeing how to face it", said the presidential candidate who is currently leading. "Likewise, there is an issue that is not minor: the program that we propose is much tougher than that of the Fund, it should not be a problem," he added.

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Argentine goverment has declared a total closure of dairy exports, this is coupled with a total closure of Beef as well for 15 days in an ill-fated attempt to lower the prices of dairy and beef by artificially increasing the offer.

The same government tried this exact strategy before last year and the only thing it did was raise beef prices.

Update: Arcor is increasing prices by 25% and La Serenisima by 7% for milk and 30% for spreadable cheese, other brands are expected to follow.

Damn, almost like it was obvious this was going to happen.

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Sergio Massa just announced he will travel to Washington to meet with the IMF and negotiate in person before the fund deposits the 7.5 billion sum late next week.

🏳️‍"Two years of Taliban diplomatic engagements. Although they are not officially recognized, they are not isolated at all".

📎 Aaron Y. Zelin

What DID they mean by this?

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Update: Argentina already has walked back the export ban on beef but it apparently remains in place for dairy, for now.

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BLUE DOLLAR UPDATE: $800

Hyperborea? Best I can do is Hyperinflation.

Based.

🇸🇻💥💰🤑 — El Salvador President Nayib Bukele scared off many on Wall Street by embracing Bitcoin. Two years later, the bond rally he’s overseeing is proving too lucrative to resist.

Eye-popping 70% returns — the best among dollar bonds from emerging markets this year — are attracting investors who were once cautious or avoiding the securities altogether. JPMorgan Chase & Co, Eaton Vance and PGIM Fixed Income are among those who have recommended or bought the debt, betting it will continue climbing.

“Although we missed a significant share of the rally, we still think there’s value across El Salvador’s curve,” JPMorgan research strategists Ben Ramsey, Nishant Poojary and Gorka Lalaguna wrote in a July note, moving overweight on the debt. “There’s room for this credit to keep outperforming.”

The optimism demonstrates how Bukele has gained acceptance from both money managers and his peers in Latin America after many had dismissed him as an anti-establishment maverick. His hard-line stance on gangs, which has dramatically cut crime in the country, is influencing politics throughout the region. And his commitment to paying bondholders is making him a favorite among emerging-market investors.

Source 🔗