Argentine bizo retreated after reducing foreign exchange controls and heights of bonds
The Argentine peaso decreased about 9% on Monday morning, while the bonds rose after Buenos Aires concluded a $ 20 billion loan program with the International Monetary Fund, and large parts of its controls on the currency and capital were canceled late on Friday. And that is after the central bank dismantled the so -called & quot; linking the creeping currency & quot;, and allowed the currency to move freely within a much broader trading range ranging between 1000 and 1400 peso to the dollar, according to the platform & quot; Yahoo Fenns & quot;. For the dollar on Friday, although the popular parallel exchange rates, which are often used by Argentina and local companies to obtain the dollar, due to the strict capital controls imposed since 2019, were closer to 1350 peso for the dollar. And celebrates, this shift in the policy that is seen as contributing in the long term to eradicate exchange rate distortions.
& nbsp;
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
