The government has attributed the sale to pent-up demand from the auto sector after the PAIS tax was lifted

The president also said he would seek a free trade agreement with the U.S.

The Argentine president announced the measures in a televised speech he gave to celebrate his first year in office

From over 100% in 2023, economists say the closing ‘brecha’ is due to a large supply and lower demand for U.S dollars

The Milei administration had already shut down one of its printing presses and will now restructure the state-owned company

The agency lifted a restriction on participants who had taken short-term loans in dollars for MEP and CCL operations, and removed a 5-day notice period for large operations

Analysts estimate the government has spent that much to contain the exchange rate gap since announcing ‘Phase 2’ of its economic plan in mid-July

The scheme is moving at a crawl, but changes to the PAIS tax may be helping the Central Bank shore up dollar purchases

Caputo is going all-in on fighting inflation — postponing reserve accumulation and economic reactivation to do so