The Argentine government announced a sweeping overhaul of its foreign exchange regime, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The official exchange rate will now float between 1,000 and 1,400 pesos per US dollar, with monthly adjustments of 1% to both the floor and ceiling. The Central Bank (BCRA) will intervene only if the rate hits either extreme of the band. The government hopes the changes will restore confidence in Argentina’s monetary system and pave the way for macroeconomic stability. Analysts, however, remain cautious about the country’s ability to sustain the new framework amid political and inflationary pressures.
April 11, 2025
SOURCE: MERCOPRESS
Argentina announces end of currency controls and introduces exchange rate band