Last month Google announced that they would remove Argentina from the list of regions supporting paid Android apps in the Google Play Store. The company cited "ongoing issues," likely having to do with rapidly increasing inflation and other economic problems in the country. Google had planned to remove all paid apps and IAP apps from Argentinian developers tomorrow, June 27th. Now the company has reversed its decision, and though they haven't said why, presumably it follows the outcry from the Argentinian developer community.
Update for Google Play developers in Argentina
June 26th, 2013
Last month, we announced that we planned to discontinue support for the sales of paid apps from developers registered in Argentina as of June 27th.
For the time being, we have decided to continue allowing developers registered in Argentina to offer paid apps and collect payments on Google Play as we explore more permanent solutions.
We are sorry for the inconvenience and we will publish updates when we have more to report.
So, Argentinian developers don't need to seek out-of-country solutions, and they don't need to create new AdSense or Google Wallet accounts. Previously Google had planned a final payout on July 22nd, but now it looks like things will continue more or less as normal. Details from Google are decidedly scarce at the moment, but the post says that new information is coming.
Argentinian developers aren't out of the woods - note the use of the phrase "for the time being" - but those who rely on the Google Play Store for income won't have any nasty gaps in their revenue stream for the foreseeable future.
¡Viva los desarrolladores, viva la Tienda de Google Jugar!
Source: Google Android Developer Support