VOICED : Argentina elimina el cepo cambiario

Argentina is undergoing significant economic changes as the government lifts currency controls, allowing free purchase and sale of dollars. This decision follows a sharp devaluation of the peso, marking a shift from a gradual to a shock strategy. The Central Bank's previous strategy failed due to reserve losses and unmet inflation expectations. The government believes the recent devaluation aligns with its economic goals amid high inflation and competitiveness loss. The policy shift represents a departure from a decade of strict market intervention.

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