Caputo said the Central Bank presently lacked sufficient reserves for the scheme to be enacted and that it is not yet time to remove the government’s restrictions on buying and selling foreign currency, known as the cepo, a move long promised by Milei. Meanwhile, the currency’s value on parallel exchange markets has held relatively steady, even dipping below 1000 pesos to the dollar for the first time in months.
March 13, 2024
SOURCE: BUENOS AIRES HERALD
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