Argentina's new President Mauricio Macri (R) holds the presidential baton with his daughter Antonia from the balcony of Casa Rosada (Pink House) in Buenos Aires city, capital of Argentina, on December 10, 2015.
"With the resources this country has, there's no reason for our economy to be stalled or imports to be blocked", said Teresita Ugolini, a 70-year-old cosmetologist who remembers the open export policies that once transferred the wealth of the Pampas to the cosmopolitan boulevards of Buenos Aires.
President-elect Mauricio Macri will be sworn in Thursday after defeating the chosen successor of outgoing President Cristina Fernandez during last month's election. "With Macri, this will come to an end", said supporter Agustin Toledo.
Kirchner and her allies in Congress boycotted the ceremony after a tiff over protocol escalated into a messy court battle, so the oath of office was administered by incoming Senate speaker Federico Pinedo, the acting president since midnight.
A fearless new world for Argentina?
"For there to be zero poverty we need to create jobs, expand the economy and take advantage of our resources", he said.
Macri, 52, will assume office after being sworn in at noon on Thursday. He said the education system needed modernizing at all levels.
He also scored a win with the resignation of central bank chief Alejandro Vanoli, who had questioned Macri's plans to let the peso float, likely leading to a sharp devaluation.
"I will always be honest with you".
He vowed to fight poverty, drug trafficking and to bring Argentines together after what he called 12 years of "useless confrontation".
The fifty six-yr-previous ran on promises to usher in an period of extra civil discourse and roll again a lot of the Fernandez administration spending that many economists say has introduced Argentina to the brink of one other monetary disaster. The energy couple sharply elevated spending on social welfare packages whereas elevating tariffs in makes an attempt to guard native industries and aligning the nation with leftist leaders like late Venezuelan President Hugo Chavez and Bolivian President Evo Morales. On the black market, which was spawned by a myriad of currency controls installed by Fernandez, the currency trades at about 14.7 per dollar. The loans would be repaid by the monetary authority in a year, said one of the people.
Fernandez's decision not to attend the swearing in ceremony is a historic slight, as it was the first instance that an Argentine president did not attend the presidential swearing in ceremony of a successor since the end of the military dictatorship back in 1983.
Inflation is around 30 percent, foreign reserves are unsafe low for the third largest economy in Latin America and a long-time spat with a group of creditors in the US has kept Argentina on the margins of worldwide credit markets.