Float, But Not Too Far Please: Argentina Bows to Peso Reality
- After $57 billion IMF bailout, limits set on currency trading
- Traders see risks to new regime set to take effect on Monday
Photographer: Diego Giudice/Bloomberg
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It was hard evidence that Argentina’s new leader was different from his predecessors, a market-friendly guy. President Mauricio Macri came to power in 2015 on a pledge to let the peso float freely.
And he mostly did. Until it sank.