💨 Abstract

Argentina's President Javier Milei dismantled capital and currency controls, enabling freer movement of money and ending parallel exchange rates. The International Monetary Fund disbursed the first installment of a $20 billion loan program after the changes. Milei aims to revive the economy through austerity, ending a 15-year period of capital controls that had limited access to foreign currency and created multiple exchange rates.

Courtesy: wtop.com