The monetary authority’s vice president said they will now be defined by ‘supply and demand’

Experts pointed out that the move could incentivize money laundering and tax evasion

‘The idea is for you to buy whatever you want without anyone asking for explanations,’ said the Economy minister

Argentina’s economic team swears there won’t be a devaluation and the cuts to export duties are temporary, while hinting at the next tax cuts

A report recommends investing based on a new foreign currency scheme and the lifting of capital controls following a new IMF loan

The official exchange rate at Banco Nación opened at AR$1,250 in the first session since the banded floating exchange rate was announced

Argentina’s economy minister has asked for a 40% payout on the initial disbursement — a request the lender has called “reasonable”

The Central Bank has sold dollars for eight days in a row, accumulating losses for US$1.3 billion

While market actors have a ‘favorable’ view of the agreement, they are saving final judgement until all details are known