Argentina’s central bank is restricting access to dollars at the official exchange rate until President Javier Milei’s administration announces the first measures of a promised shock-therapy program aimed at eradicating inflation.
The monetary authority said Monday morning that the country’s official currency market, where pesos remain greatly overvalued, would operate with limited transactions to give Milei’s team time to comply with administrative procedures and implement its own policy. Investors anticipate a large currency devaluation in the next few days.
Manuela Tobias, Ignacio Olivera Doll and Kevin Simauchi | Yahoo