Argentina to Adopt Flexible Exchange Rate After Lifting Controls
- Milei defined the FX policy for the first time Tuesday
- Currency strategy will be key to return to capital markets
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Argentine President Javier Milei outlined fresh details of his currency strategy Tuesday, a key and necessary first step before his government expects to return to capital markets in 2026.
Milei said his government would adopt a “flexible” exchange rate on the peso after it lifts capital controls at an undetermined time. It’s the first inkling that the libertarian intends to implement a more orthodox currency policy after dismantling the controls he inherited after taking office last December.