💨 Abstract

Argentina's central bank has announced it will relax foreign exchange market controls, enabling the peso to fluctuate between 1,000 and 1,400 pesos per dollar. This move ends six years of strict capital controls, eliminates the "dollar clamp," and removes foreign exchange restrictions for individuals. The changes aim to boost economic growth, with an initial $12 billion IMF deal expected to recapitalize Argentina's central bank.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖