Argentina has concluded an agreement with the International Monetary Fund (IMF) for a loan of $ 20 billion. This agreement also confirms the end of exchange controls since 2019.
Argentina has concluded an agreement with the International Monetary Fund (IMF) for a loan of $ 20 billion that will allow the end of the exchange control since 2019 in the country on Monday, on Friday the Minister of Economy Luis Caputo announced on Friday.
“We have reached a new agreement with the International Monetary Fund,” which will “recapitalize the Central Bank for a healthier currency,” the minister told the press. The Argentine peso will be authorized to float in a 1,000 and 1,400 pesos band per dollar, and the access limit to $ 200 per month will rise to the Argentines, the Central Bank announced in a press release simultaneously.
Source: BFM TV
