It follows a potpourri of other policies that have included increases in some taxes, decreases in others, higher tariffs for some goods, lower tariffs for others, multiple exchange rates and a crackdown on tax evasion.
22.
Some economists and politicians have revived discussion of scrapping the peso altogether and using dollars, or of trying again to use multiple exchange rates for different purposes, a policy that was abandoned as unworkable last month.
23.
Last month, Cavallo established a multiple exchange rate for importers and exporters, giving exporters the benefit of approximately an 8 percent subsidy, based on a floating exchange rate that amounts to the average value of the euro and the dollar.
