The International Monetary Fund said that it welcomed recent measures taken by Argentina’s central bank and finance ministry ahead of a visit by the Fund to the country later in June. Argentina’s central bank rolled out a broad package of economic measures to boost reserves, including an up to $2 billion repurchase agreement. The steps are part of President Javier Milei’s ‘Phase 3’ economic plan, which includes easing monetary controls, floating the peso, and cleaning up the central bank’s balance sheet.
SOURCE: YAHOO FINANCE