Argentina’s Central Bank said that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy. The move comes with the gap between the official exchange rate and the exchange rate quoted in the country’s informal currency markets close to 93% due to the distrust of investors and strong black market demand for dollars.
Argentina Económica aims to promote responsible cross-border trade & investment by facilitating the transparent flow of information to and from Argentina.
