Argentina to Devalue Peso, Remove Currency Controls ThursdayBy
Finance Minister Prat-Gay announces end of currency controls
Government expects $15b-$25b in four weeks to defend peso
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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