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In Argentina, the government has announced that it will lift capital controls and allow the peso to float within a managed exchange rate band, a notable shift in policy after six years of tight restrictions.
By PA/TPN, in South America, World, Economy · 26 Apr 2025, 13:31 · 0 Comments
On April 14, the long-suffering currency started a new exchange rate regime, bringing the country into a new phase of economic reform.
The peso will now be allowed to float freely within a gradually expanding band between ARS1,000 and ARS1,4000 per dollar, putting the currency on a far wider trading band than its previous fixed peg.
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