Our peso in Bloomberg

[Caribbean Cool]

https://www.bloomberg.com/news/articles/2025-05-28/milei-intervenes-in-argentina-fx-market-despite-letting-peso-float?srnd=homepage-americas

After pledging a free-floating currency a month ago, Argentina’s government has intervened in the market to influence the peso’s value, a move that stands in sharp contrast to its commitments to the International Monetary Fund.

Archived version

 

[Che1990]

https://www.bloomberg.com/news/articles/2025-05-28/milei-intervenes-in-argentina-fx-market-despite-letting-peso-float?srnd=homepage-americas

Archived version

Thank heavens I fly to Colombia on Saturday for 3 months. The cost of everything in USD is horrible.

All the economists are warning about the exchange rate and reserves again.

I wonder if it’ll blow up like it did on Caputo in 2018 when the peso collapsed from like 30 to 50 in a day.

Still more dollars leaving than going in, and looks like they won’t hit the IMF reserves target, which may mean no more future payouts.

Have to remember too, cepo was only lifted for a small part of society. Individuals only can buy USD and only via home banking. Which basically means only workers in blanco, 6/10 working people. Only up to $100 in cash.

Companies can’t buy USD freely yet either and I read today in iprofesional that lifting cepo for companies is also being delayed.

Clearly they know the exchange rate is overvalued ans doing all they can to keep it that way while they buy cheap dollars and get rich

 

[Caribbean Cool]

Thank heavens I fly to Colombia on Saturday for 3 months. The cost of everything in USD is horrible.

All the economists are warning about the exchange rate and reserves again.

I wonder if it’ll blow up like it did on Caputo in 2018 when the peso collapsed from like 30 to 50 in a day.

Still more dollars leaving than going in, and looks like they won’t hit the IMF reserves target, which may mean no more future payouts.

Have to remember too, cepo was only lifted for a small part of society. Individuals only can buy USD and only via home banking. Which basically means only workers in blanco, 6/10 working people. Only up to $100 in cash.

Companies can’t buy USD freely yet either and I read today in iprofesional that lifting cepo for companies is also being delayed.

Clearly they know the exchange rate is overvalued ans doing all they can to keep it that way while they buy cheap dollars and get rich

In the meantime I am hungry