Argentina’s central bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, a move Economy Minister Luis Caputo
Argentina’s central bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, a move Economy Minister Luis Caputo called “a deepening of the monetary framework.”
Caputo and President Javier Milei began to detail a new strategy Saturday that seeks to contain the widening gap between Argentina’s official exchange rate and parallel rates traded in financial markets. While the official peso rate is 919 per dollar due to currency controls, one of the key parallel rates closed Friday at 1,405 per dollar.
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