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.

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