Argentina’s President Javier Milei plans to remove all capital controls by 2025, marking a radical shift from decades of state intervention. The move aims to attract foreign investors who have avoided Argentina despite its potential.The peso’s parallel market rate now matches the official rate, creating the right conditions for this change. This convergence shows Milei’s policies are already having their intended effect on Argentina’s distorted currency market. Milei’s team has secured $11.8 billion in new investments across mining, energy, and infrastructure sectors. These commitments suggest growing confidence in Argentina‘s economic direction, though challenges remain significant.
December 11, 2024
SOURCE: RIO TIMES
Milei Vows to End Capital Controls by 2025, 90% Tax Reduction