Argentina Spawns Another FX Rate as Government Clamps Down: Q&ABy
Blue-chip swap that trades over the counter is latest FX rate
It’s the third rate to become relevant since controls returned
Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.
It’s the third rate to become relevant since capital controls were put back in place in Argentina in September 2019, all running parallel to the official rate controlled by the central bank.