VOICED : Peso argentino se derrumba tras eliminacion del cepo

The transcript discusses the sharp rise of the Argentine peso against the dollar following the removal of currency controls. Argentinians can now purchase foreign currency without restrictions, fulfilling President Mauricio Macri's electoral promise. The lifting of restrictions was demanded by various sectors due to the economic distortions it caused. However, concerns about economic consequences, such as lower wages and increased poverty, are raised. The Central Bank is prepared to intervene if necessary to stabilize the market.

What significant change occurred in Argentina regarding currency on the first day without control?

• Currency controls were tightened

• The dollar's value decreased by 40%

• The peso was pegged to the euro

• Argentinians could acquire foreign currency without limits

What was one of Mauricio Macri's first actions as president?

• Implementing new import taxes

• Removing currency restrictions

• Nationalizing private banks

• Increasing export tariffs

Who were some of the groups that demanded the end of currency restrictions?

• Teachers and healthcare workers

• Entrepreneurs, farmers, and markets

• Bankers and foreign investors

• Tourists and students

What economic event is the recent devaluation compared to?

• The 1997 Asian financial crisis

• The 1998 Russian financial crisis

• The 2008 global financial crisis

• The 2002 Argentine economic crisis

What role does the Central Bank play in the new economic scenario?

• Setting fixed exchange rates

• Regulating interest rates

• Issuing new currency notes

• Monitoring and intervening if necessary