Argentina will issue 10_000 and 20_000 dollar notes. What has the effect of reforms since Millay took office for 100 days_

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Local time 18, the Argentine central bank confirmed that the face value of 10,000 Argentine pesos and 20,000 Argentine pesos will be officially put into circulation in June this year.

In recent years, the face value of banknotes issued by Argentina has been increasing due to persistent high inflation and serious currency depreciation. In 2016 and 2017, Argentina issued banknotes with a face value of 500 pesos and 1000 pesos respectively. The 2000 peso note, which went into circulation in May last year, is currently the largest denomination note on the Argentine market.

Argentina’s monthly inflation rate reached 132% in February, with a cumulative inflation rate of 2762% in the past 12 months, according to data released by Argentina’s National Bureau of Statistics on the 12th. (gong Xiangcheng, a reporter from the front desk)

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Buenos Aires, March 19 / PRNewswire-FirstCall-Asianet /– what is the effect of the reform since Argentine President Mile took office 100 days ago?

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Since taking office in December last year, Argentine President Mile has launched a series of shock therapy reform measures aimed at saving the economy, with a view to reducing the fiscal deficit and controlling inflation. Among them, the two major reform measures proposed by the Mile government are still pending due to parliamentary procedures.

At present, Argentina has achieved a fiscal surplus for two consecutive months, and the inflationary pressure has eased somewhat, but the difficulties such as the increase in unemployment, the decline in industrial production and rising prices still exist. Analysts believe that whether the reform can be supported by Congress, whether inflation can be controlled and whether public anxiety can be calmed down are still challenges facing the Mile government.

The prospect of reform is uncertain.

In his first month in office, Mile launched two major reform measures, namely, the necessary emergency decree on the basis of Argentina’s economic reconstruction and the comprehensive bill called the foundation and starting point of Argentine freedom, covering the amendment or repeal of hundreds of laws and regulations, respectively, aimed at relaxing government and legal controls on economic names, reducing the fiscal deficit and facilitating import and export trade. In addition, Mile also devalued the Argentine peso significantly.

On March 14, the Argentine Senate voted down the necessary emergency decree signed by Mile, which will then be submitted to the Argentine House of Representatives for consideration and vote. According to Argentine law, even if the decree is rejected by the Senate, it can take effect as long as the House of Representatives votes to pass it; if the House of Representatives votes to reject it, the decree will be completely null and void. The comprehensive bill introduced by Mile has not been passed by Congress before, and is now planning to amend the provisions of the bill to be submitted to Congress for consideration.

Analysts believe that the resistance to Mile’s reform mainly comes from the left and trade unions. at present, as the ruling party and left-wing opposition parties do not have a majority in both houses, Mile still needs to win the support of centrist parties to promote the implementation of the reform.

Sun Hongbo, associate researcher at the Institute of Latin American Studies of the Chinese Academy of Social Sciences, believes that the Mile government intends to carry out a systematic and radical reform, but the relevant reform measures currently face various political checks and balances. Generally speaking, the Mile government is facing the constraints of many forces, such as the ruling coalition, left-wing political parties, local governments, trade unions and so on, and there is a lot of uncertainty about the prospect of its radical reform.

The plight of people’s livelihood needs to be alleviated.

Recently, a lot of news has been seen as positive by the Argentine government: Argentina’s central bank cut its benchmark interest rate to 80%, a fiscal surplus for two consecutive months, an easing of inflationary pressures, the International Monetary Fund approved a further $4.7 billion loan to Argentina, and Argentina completed a debt swap of more than $50 billion. Despite this, Argentine people are still plagued by rising unemployment, rising prices and other problems.

In March, Argentines ushered in the day to return to work and start school, but many people were laid off. Argentine media reported that companies said sales had fallen sharply and could not afford to hire so many employees. The dark clouds of unemployment, poverty and rising prices hang over the Argentine people.

Argentine sociologist Marcelo Rodriguez said the unemployment rate in Argentina is expected to rise in the future as more than 50, 000 jobs have been lost as a result of government cuts, layoffs and no longer injecting funds into public projects.

According to a recent report by Argentina’s Financial Circle, the latest report of the Argentine Federation of Industries showed that in January this year, Argentina’s industrial production index fell to 299%, the lowest level on record, and was in a contraction range of less than 50% for the seventh month in a row. The report said that the output of more than half of the small and medium-sized enterprises surveyed declined, and several sets of data showed that the plight of industrial production in Afghanistan intensified, with small and medium-sized enterprises bearing the brunt.

A staff member of the United Nations Children’s Fund (UNICEF) office in Argentina recently said that in the first quarter of 2024, the poverty rate of children and adolescents in Argentina will reach about 70%, and the rate of extreme poverty will reach 34%.

Since the beginning of this year, large-scale strikes and demonstrations have broken out in Argentina many times to oppose the reform measures of the Mile government. On March 18, a number of trade union organizations in Argentina launched a march in the capital Buenos Aires and other cities across the country. In January, a number of national trade unions and left-wing organizations in Argentina also held a national strike to protest against the Mile government’s reform measures ignoring the rights and interests of labor and social vulnerable groups, resulting in the suspension of services in banks, gas stations, airports, aviation, sanitation and other industries in many parts of Argentina.

The economy faces the challenge of stagflation

Argentine economist Gustavone believes that the Mile government has reversed the declining trend of Argentine dollar reserves after 100 days in power, but the country’s economy still faces the challenge of stagflation.

Inflation in Argentina was 132 per cent in February, down from 206 per cent in January and 255 per cent in December, according to the Argentine National Institute of Statistics and Census. The cumulative inflation rate in the past 12 months reached 2762 per cent. Rosendo Fraga, a researcher at Argentina’s National Institute of moral and political Sciences, believes that although the monthly inflation rate has decreased, inflation is still at a high level.

The International Monetary Fund (IMF) released a report on January 30 predicting that Argentina will face recession and rising inflation in the context of a sharp adjustment in economic policy. The report predicts that Argentina’s economy will contract by 28% in 2024.

Argentina’s TN news channel recently quoted Moody’s investor service, an international rating agency, as saying that the Argentine economy is expected to contract by 5% in 2024, far more than the 25% forecast in November 2023. In terms of inflation, Argentina’s inflation rate is expected to exceed 280% in 2024 and still exceed 220% in 2025. (source: Xinhua)

Russian MP_ Will not participate in peace summit according to Uzbekistan_s conditions

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According to a report by Russia’s Lenta on July 16, Slutsky, chairman of the International Affairs Committee of the Russian State Duma (lower house of parliament) and leader of the Liberal Democratic Party, said on the telegram social platform that Moscow will not participate in the peace summit on Ukraine’s conditions.

According to reports, on July 15, Ukraine President Zelensky proposed inviting Russia to attend the next peace summit.

I’m setting tasks so that we can come up with a fully mature plan in November, Zelensky said. After the plan is finalized, everything will be ready for the second summit.

Reported that the U.S. State Department expressed support for Ukraine’s decision to invite Russia to participate in the next peace summit. (Compiled by He Yingjun)

The Swiss Parliament approves the confiscation of Russian assets_ and the Russian Foreign Ministry _strongly condemns_

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According to a Reuters report on March 12, the Russian Ministry of Foreign Affairs summoned the Swiss ambassador to Russia on the 12th because the Swiss Parliament approved a motion authorizing the Swiss government to try to confiscate and transfer Russian assets and provide funds for compensation to Ukraine.

Reports said that Russia summoned Swiss Ambassador Krestina Matilan to protest against the adoption of the above motion by the Swiss Parliament. The motion authorizes the Swiss government to establish a compensation mechanism based on international law for countries that have suffered so-called illegal attacks.

The Russian Ministry of Foreign Affairs said: Russia strongly condemns this practice by the Swiss authorities, which seriously violates the basic principles and norms of international law on state immunity.

Any infringement of Russian state-owned property under the guise of a far-fetched compensation mechanism is nothing more than theft at the national level.

The Russian Foreign Ministry said Russia would retaliate if the Swiss plan was implemented. The Swiss Ministry of Foreign Affairs did not immediately respond to a request for comment.

Switzerland said last year it had frozen about 7.7 billion Swiss francs (US$88.1 billion) in financial assets belonging to Russians under sanctions designed to punish Russia for attacking Ukraine. (Compiled by Lu Di)

Chinese Ambassador to Australia_ Working together is in the common interest of both countries

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Sydney, March 11 (Reporters Liang Youchang and Wang Qi) Chinese Ambassador to Australia Xiao Qian said on the 11th that the current world’s major changes unseen in a century are accelerating and many challenges are emerging one after another. China-Australia cooperation is not only in line with the common interests of the two countries, but also conducive to peace, stability and prosperity in the region and even the world.

Xiao Qian delivered a speech when attending the 2024 Australia Financial Review Business Summit in Sydney that day, saying that China and Australia are both important countries in the Asia-Pacific region. The economic structures of the two countries are highly complementary and pragmatic cooperation is mutually beneficial and win-win. To achieve this goal, it is crucial to establish a correct understanding of each other, deepen practical cooperation, and properly handle differences.

Xiao Qian said that this year marks the 10th anniversary of the establishment of a comprehensive strategic partnership between China and Australia. The so-called comprehensive means that China-Australia relations are not just cooperation in the economic and trade fields, but cooperation in any potential field and level. The so-called strategy means that the importance of bilateral relations transcends bilateral relations and has regional and even global significance. The so-called partner means that China and Australia should become mutually trusting friends rather than enemies, partners rather than opponents.

Xiao Qian said that practical cooperation between China and Australia is very important to both countries. The two sides should continue to consolidate and deepen cooperation in traditional fields such as energy, mining, agriculture, education, and tourism, and expand cooperation in emerging fields such as climate change, electric vehicles, artificial intelligence, health industry, green economy, digital economy, and technological innovation. These will help China and Australia open a new chapter of broader and mutually beneficial cooperation on the basis of continuously consolidating cooperation in existing fields.

Xiao Qian pointed out that both sides should focus on the overall situation, focus on consensus, respect each other’s core interests and major concerns, and manage differences in a proper, mature and intelligent way through friendly communication and consultation.

The 2024 Australia Financial Review Business Summit will be held in Sydney from March 11 to 12. Government officials such as Australia Foreign Minister Wong Ying-hsien, Treasury Secretary Chalmers, as well as opposition leader Dutton, local business executives, experts and scholars attended the meeting to analyze and study the international situation, focus on Australia’s future development, and explore cooperative measures to respond to challenges.

Russian military claims to _recapture_ the results of last year_s Ukrainian counterattack

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According to a report by the Russian newspaper on May 23, the Russian armed forces regained control of the village of Klesheevka in the Donetsk region through hard work. This settlement and the village of Rabodino, also recaptured by Russian troops, are symbols of the results of last year’s Ukraine counterattack.

On May 22, the Russian Ministry of Defense confirmed the news of the recapture of the village of Kresheevka. The Russian Ministry of Defense stated that under the active action of the southern military cluster forces, the Klesheevka settlement in Donetsk was liberated.

According to reports, in addition, the southern military cluster also attacked Ukrainian troops in three residential areas of Georgievka, Ostroye, and Konstantinovka.

The protracted battle for Klesheevka begins in 2023. Control of the village changed hands several times. The main target for contention is adjacent highlands, from which military activity throughout the village can be monitored. (Compiled by He Yingjun)

The Chinese Embassy in Japan reminds Chinese citizens in Japan to guard against _minor crimes_

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On May 22, the Chinese Embassy in Japan issued a document reminding Chinese citizens in Japan to guard against minor crimes.

Japan implemented the “Minor Offences Law” in 1948, which stipulates clear penalties for 33 seemingly minor acts but may have adverse effects on public order. Some foreign tourists have been punished for not understanding the relevant laws. The Chinese Embassy in Japan summarized the behaviors that were easily ignored and reminded Chinese citizens in Japan and tourists coming to Japan to take precautions.

1. Unauthorized sneaking into unguarded houses, buildings or ships, or entering prohibited places, other people’s fields, disaster or crime scenes without authorization.

2. Carry without authorization knives, iron bars and other instruments that can harm others or tools that can be used to invade other people’s homes.

3. Refusing to obey the instructions of public officials or rescue personnel in special circumstances such as earthquakes, fires, and traffic accidents.

4. Make a fire in flammable places such as forests or near flammable materials such as gasoline.

5. Post advertisements and notices in other people’s homes without authorization, or remove or deface other people’s logos at will.

6. Declaring that he holds public office, title, degree at home and abroad, or wears legal uniforms or similar clothing that is incompatible with his identity.

7. Playing pranks at public or private ceremonies and hindering the ceremony.

8. Make noise that hinders others and refuse to correct it. Obstructing others from walking normally, or stalking others is disturbing.

9. Jumping in line in public places, being rude in words and deeds, spitting everywhere, and turning off sign lights or street lights for no reason.

10. Throw away garbage and waste at will.

All of the above acts are suspected of violating the “Minor Offences Law” and may be subject to fines, detention and other penalties. Chinese citizens in Japan are requested to abide by Chinese and Japanese laws, respect local religious beliefs and customs, and protect themselves. In case of emergency, report the case to the Japanese police in a timely manner and contact the embassy or consulate in Japan for help.

Japan alarm:110, 03-3501-0110 (Chinese), you can call #9110 overseas

Ministry of Foreign Affairs Global Consular Protection and Services Emergency Hotline (24-hour):+86-10-12308,+86-10-65612308

Consular protection and assistance from the Embassy in Japan: +81-3-6450-2195

Consular protection and assistance at the Consulate General in Osaka: +81-6-6445-9427

Consular protection and assistance at the Consulate General in Fukuoka: +81-92-753-6483

Consular protection and assistance at the Consulate General in Sapporo: +81-11-513-5335

Consular protection and assistance at the Consulate General in Nagasaki: +81-95-849-3311

Consular protection and assistance at the Consulate General in Nagoya: +81-52-932-1036

Consular protection and assistance at the Consulate General in New Zealand: +81-25-228-8888

(General reporter Yao Ruixin)

Zakharova_ NATO chooses _second front_ against Russia

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According to a report by the Russian News Agency on March 20, Russian Foreign Ministry Spokesperson Zakharova said at a press conference that NATO has chosen a new direction of confrontation with Russia.

Reported that Zakharova said: NATO’s top priority is to open up a second front against my country in the Transcaucasia and reignite the war throughout the region.

She said NATO was not satisfied with Russia’s conciliatory policies in the Transcaucasia region.

The report mentioned that NATO Secretary General Stoltenberg visited Yerevan, the capital of Armenia, on the 19th and called on Armenia and Azerbaijan to sign an agreement aimed at paving the way for the normalization of relations between the two countries.

Russian Presidential Press Secretary Peskov said that NATO’s attempts to expand its influence may not strengthen stability in the Caucasus region. (Compiled by Zheng Yu)

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NATO troops exercise near Russian border

According to a report by the Russian News Agency on March 20, the Polish Ministry of Defense released a message saying that the NATO Northeast Division, composed of multinational forces, practiced defensive operations during exercises held in imaginary areas near the Russian border.

Poland’s Ministry of Defense said: During the Loyalty Lecda 2024 exercise, soldiers of the multinational Northeast Division were given such a task to carry out defensive operations in an imaginary area similar to the situation in northeastern Poland.

Reported that the command department of NATO’s Northeast Division refused to disclose details of the exercise content.

According to reports, the NATO Northeast Division headquarters is located in Elblong, Poland, and its mission is to coordinate the actions of NATO troops deployed in Poland, Lithuania, Latvia and Estonia. (Compiled by Liu Yang)

China proposes to establish an expert group in WTO dispute case against the US under the Inflation Reduction Act

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Beijing, July 15 (Reporter Xie Xiyao) A spokesperson for the Ministry of Commerce said on the 15th that in order to safeguard the development rights and interests of China’s new energy vehicle industry, on March 26, China resorted to measures such as the U.S. Inflation Reduction Act on new energy vehicle subsidies. Respond to the WTO dispute settlement mechanism. As the United States failed to reach a solution through consultations with China, on July 15, China submitted a request to the WTO to establish an expert group.

The development of China’s new energy vehicle industry has made important contributions to global energy green transformation and climate change response. The spokesperson said that the U.S. Inflation Reduction Act takes the use of products from specific regions such as the United States as a prerequisite for subsidies, excludes products from WTO members such as China, artificially sets up trade barriers, and drives up the cost of green energy transformation. No matter how they are packaged and beautified, they cannot change the discriminatory, protectionist and violation of WTO rules of the subsidies involved. China resolutely promotes litigation procedures in order to safeguard the authority and effectiveness of the multilateral trading system with the WTO at its core and safeguard the joint international efforts to address climate change.

The spokesperson said that China agrees that WTO members implement industrial subsidies in a manner consistent with WTO rules, support green energy transformation, and promote economic and social development. China once again urges the United States to abide by WTO rules and stop abusing industrial policies to undermine international cooperation on climate change.

Houthi attacks on Red Sea ships footage exposed Houthi releases attack video

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[Houthi militants release attack video” target=_blank>

On July 16, local time, the Houthi armed forces in Yemen released a video of the organization attacking the Red Sea sailing ship Chios Lion (CL).

The Houthi armed forces issued a statement saying that the ship violated the Houthi ban and headed for an Israeli port, so it was attacked by the Houthi armed forces on the 15th.

After the attack, the U.S. Central Command said no casualties were caused.

The Houthi armed forces said they would continue to attack ships related to or bound for Israel until Israel stops attacks on the Gaza Strip and lifts the blockade.

On July 15, local time, Yahya Sareya, military spokesman for the Houthi armed forces in Yemen, issued a statement saying that the armed forces attacked three ships that day, the ships BI and CL on the Red Sea, and the ship O sailing on the Mediterranean Sea.

Russian Ministry of Defense_ It has recaptured a residential area on the Zaporozhye front line

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According to a report by the Russian News Agency on July 15, the Information Bureau of the Russian Ministry of Defense reported on the 14th that the Russian Eastern Group troops have controlled the Urozainoye settlement on the Zaporozhye front line and are now carrying out cleanup and demining work.

Reports said that Urozainoye and Old Mayorskoye are located at the junction of Zaporizhé and Donetsk. The Ukrainian army captured the two villages in a counterattack last summer. The Russian army recaptured Old Mayorskoye on June 10 this year and Urozainoye on July 14.

According to reports, Vladimir Rogov, chairman of the Committee on Sovereignty Issues of the Russian Academy of Social Sciences, said: Liberating Urozainoye is of great tactical significance because it will become a new springboard for Russian troops to advance in the direction of Flemevsk.

Rogov pointed out that Russian troops were steadily pushing the enemy out of position in several sections of the Zaporozhye front to prevent it from regrouping and building defenses. (Compiled by Zhu Lifeng)