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Argentina: Import blocks usher in fears of looming shortages

A man checks rates at a money exchange house in Buenos Aires, Argentina, Thursday, July 14, 2022. Argentina’s peso has hit an all-time low against the dollar. (AP Photo/Natacha Pisarenko) Demonstrators hold homemade signs during a protest demanding an increase in the unemployed pension programs and in rejection of the government's deal with the International Monetary Fund to restructure a $44 billion in debt, at Plaza de Mayo in Buenos Aires, Argentina, Thursday, July 14, 2022. (AP Photo/Natacha Pisarenko) Alejandro Bartalini, President of Metalcrom poses for a portrait at the factory in Buenos Aires, Argentina, on Friday, July 8, 2022. Bartalini's company is having difficulties importing the supplies they need to operate. (AP Photo/Victor R. Caivano) View of Buenos Aires, Argentina, Saturday, July 9, 2022. The government of President Alberto Fernández has tightened the screws on imports as it struggles to meet Central Bank reserve requirements that are part of a recent deal with the International Monetary Fund to restructure $44 billion in debt. (AP Photo/Natacha Pisarenko) Workers move oil tubbing at the Metalcrom factory in Buenos Aires, Argentina, on Friday, July 8, 2022. Metalcrom is having difficulties importing steel rods they need because of a fresh rash of import restrictions making it difficult to buy products from abroad. (AP Photo/Victor R. Caivano) FILE - Argentina's Vice President Cristina Fernandez, left, and President Alberto Fernandez, stand outside Congress after attending the ceremony marking the year's opening session, in Buenos Aires, Argentina, Tuesday, March 1, 2022. The abrupt resignation of Argentina's economy minister Martín Guzmán also gave another sign of the growing isolation of President Alberto Fernández within his own governing coalition while Vice President Cristina Fernández gains influence. (AP Photo/Natacha Pisarenko, File) Vie of the main entrance to the Central bank in Buenos Aires, Argentina, Friday, July 8, 2022. Argentines are so distrustful of their currency that they save in dollars but the government has placed strict restrictions on access to the U.S. currency. (AP Photo/Natacha Pisarenko) FILE - Economy Minister Silvina Batakis gives a press conference in Buenos Aires, Argentina, Monday, July 11, 2022. Batakis has vowed to continue with the government’s economic plan as she faces numerous challenges, including trying to tame one of the world’s highest inflation rates that is running at more than 60 percent, while the peso continues to depreciate in the financial market amid stringent capital controls. (AP Photo/Natacha Pisarenko, FIle) An operator uses a forklift to unload paper rolls at the Rosato Paper Mill in Buenos Aires, Argentina, on Friday, July 8, 2022. The Rosato Paper Mill is scrambling, trying to deal with a fresh rash of import restrictions making it difficult to buy products from abroad, complicating life for companies trying to keep supplies stocked at a time when the government is trying to hold onto precious few hard currency reserves. (AP Photo/Victor R. Caivano) A worker manipulates steel rods at the Metalcrom factory in Buenos Aires, Argentina, Friday, July 8, 2022. According to Alejandro Bartalini, the owner of Metalcrom which manufactures parts for the farm and oil sectors, the government´s restrictive measures making it difficult to buy products from abroad due to a lack of hard currency can lead to a decline in growth.“Today we’re operating at 80, 90% of our productive capacity.” He said. (AP Photo/Victor R. Caivano) Daniel Rosato, President of Rosato Paper Mill, poses at the factory floor in Buenos Aires, Argentina, on Friday, July 8, 2022. Business leaders like Rosato are scrambling, trying to deal with a fresh rash of import restrictions making it difficult to buy products from abroad, complicating life for companies trying to keep supplies stocked at a time when the government is trying to hold onto precious few hard currency reserves. (AP Photo/Victor R. Caivano)
Argentina: Import blocks usher in fears of looming shortages