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Argentine economy minister resigns amid peso, diesel woes

KIFI

BUENOS AIRES, Argentina (AP) — Argentina’s economy minister has resigned unexpectedly at the end of a week in which the peso hit an all-time low against the dollar and truck drivers struck diesel shortages. Martin Guzman announced Saturday on Twitter that he had sent a multi-page resignation letter to President Alberto Fernandez. The value of the Argentine peso has tumbled amid high inflation. Prices have risen nearly 30% this year, and analysts predict inflation could rise above 70% for all of 2022. The work stoppages by truck drivers have disrupted economic activity, including the delivery to ports of grain, which is one of Argentina’s main imports.

Article Topic Follows: AP National

Associated Press

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