Argentina to Devalue Peso, Remove Currency Controls Thursday

  • Finance Minister Prat-Gay announces end of currency controls
  • Government expects $15b-$25b in four weeks to defend peso

Argentina's Macri Fulfils Free-Floating Peso Pledge

Argentina scrapped most of its currency controls and will allow the peso to start trading freely Thursday, orchestrating a devaluation that fulfills a key component of President Mauricio Macri’s campaign pledge to free up the sputtering economy and lure investment.

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