Argentina Assets Surge After Lifting FX Controls

MilHojas

MilHojas

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Argentina assets jumped after the country lifted most of its capital controls as part of its new $20 billion program with the International Monetary Fund.
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Argentina's peso: where's the currency headed after FX regime overhaul?
The peso will now be allowed to float freely within a gradually expanding band between 1,000-1,400 pesos per dollar. It closed at 1,074 per dollar on Friday, with parallel markets at 1,355. The official exchange rate was previously on a crawling peg, only allowed to depreciate 1% each month.
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