Economy Minister Martin Guzman submitted his resignation Saturday, acting at the end of a week in which Argentina's currency hit an all-time low against the dollar and truck drivers staged protests over shortages of diesel fuel. Guzman announced on Twitter that he had sent a multi-page resignation letter to President Alberto Fernandez.
"With the deep conviction and confidence in my vision of the path that Argentina should follow, I will continue to work and act for a more just, free and sovereign homeland," Guzman wrote.With the Argentine peso sliding against the dollar, the government on Tuesday made it harder to acquire dollars to pay for imports. It acted as the dollar bought 239 pesos in the informal market used by citizens and companies to bypass official channels.
Argentina has suffered for years from a shortage of dollars, which stems partly from the distrust of Argentines in their own currency amid high inflation. Prices have risen nearly 30% this year, and analysts predict inflation could rise above 70% for all of 2022.