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Argentina’s Vanoli Sees No Contagion for Peso Amid Currency Rout

With emerging market currencies tumbling from Russia to Brazil, Argentina sees no reason to devalue the peso, Central Bank President Alejandro Vanoli said.

“We feel comfortable with the competitiveness of our currency, and we will continue to pursue the policy of a controlled floating peg based on the global and local situation,” Vanoli told reporters in Buenos Aires.