The government of Argentina, led by President Javier Miley, announced the immediate end of the currency control that limits the purchase of dollars since 2019.
Economy Minister Luis Caputo, Casa Rosada’da press conference announced the decision during a press conference in the Ultraliberian economic program of Milei.
The movement is intended to attract foreign investment and stimulate growth in one country with years of economic stagnation.
The currency control system, known as ‘Cepo Cambiario’, will purchase $ 200 per month in limited conditions.
Peso was presented to curb the devaluation and preventing the capital flight during the financial crisis of Argentina.
Politics caused similar parallel stock market markets ‘Blue Dollar’Informal proportions often inherited the official ones.
On Monday, April 14, Monday, Argentines will purchase dollars through official channels without official channels or bureaucratic barriers.
The government plans to leave a peso float in an interval of 1000 to 1400 peso in Peso.
This adapts with current rates in the Blue Dollar market and offers the Argentina’s exchange rate system.
Tax on internal dollar transactions will be canceled, although foreign shopping and tourism transactions will still look at the fronts.
Argentina’s economic reforms are equipped with a $ 15 billion loan package of $ 15 billion in the International Monetary Fund (IMF).
Argentina expires foreign exchange control Milei pushed from economic overhaul
Caputo, the removal of foreign exchange controls will increase the opening of delayed investments, jobs, improvement of salary and reduce taxes. These measures are aimed at reviving an economy facing inflation and unemployment.
Authorities remain optimistic as Argentina takes significant steps to stabilize economic stabilization. Peso’s adjustments to market forces open opportunities for growth, inflation indicates the signs of development gradually.
In March 2025, inflation is 3.7%, a figure that reflects managed pressure compared to previous heights.
Market reactions will likely confirm the potential of reforms to stabilize the economy and strengthen long-term confidence between investors.
The management of Mileyi bets on financial discipline and monetary reforms to restore investor confidence and restore the years of economic downturn.
The extraction of foreign exchange controls signal a bold change without liberalization, but increases the risks for households downloaded by increasing prices.
When Argentina enters this new stage, the success of the success in an unexpected global economy is to balance growth.
