VOICED : Argentina restituye un mercado unico de cambios

The Argentine government has ended four years of currency restrictions, allowing individuals and companies to freely buy and sell up to two million dollars per month. This move, fulfilling a campaign promise by President Mauricio Macri, aims to normalize the economy and stimulate growth. The policy change implies a devaluation of the peso, with the dollar's value to be determined by the market, albeit with central bank intervention. The new exchange rate regime is described as a 'dirty float,' where the central bank can buy or sell currency to stabilize the market. The government anticipates an influx of 15 to 25 billion dollars into public coffers, exceeding the previously estimated 10 billion needed to lift currency controls.

What significant change did the Argentinian government implement regarding currency restrictions?

• They increased the restrictions on currency exchange.

• They allowed unlimited purchase of foreign currency.

• They introduced a new currency to replace the peso.

• They ended four years of currency restrictions, allowing up to two million dollars per month to be bought without control.

What is the expected role of the central bank in the new currency policy?

• To prevent any devaluation of the peso.

• To eliminate all currency controls.

• To intervene in the market if the exchange rate fluctuates too much.

• To set a fixed exchange rate for the peso.

How will the value of the dollar be determined under the new policy?

• By a public vote.

• By a fixed rate set by the government.

• Through market forces with potential central bank intervention.

• By international agreements.

What is the expected range of dollar inflows into Argentina's public coffers following the policy change?

• Over 30 billion dollars.

• Between 15 and 25 billion dollars.

• Between 10 and 15 billion dollars.

• Between 5 and 10 billion dollars.

Since when had the currency restrictions been in place before being lifted?

• Since 2008.

• Since 2011.

• Since 2015.

• Since 2005.