In a significant economic shift, President Javier Milei has announced the end of Argentina’s strict currency controls, known as the “cepo,” following the IMF board’s approval of a US$20-billion bailout. This move aims to restore market confidence amid ongoing financial turmoil.
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Argentina announced plans to lift its strict currency controls, bolstered by support from the International Monetary Fund (IMF). The move aims to stabilize the economy and restore investor confidence amid ongoing financial challenges.
Argentina announced plans to lift its stringent currency controls, a move supported by the International Monetary Fund (IMF) as the country seeks to stabilize its economy. This decision signals a potential shift in economic policy aimed at attracting foreign investment.