December 16, 2015

Argentine Central Bank Issues a 40% Currency Devaluation

Argentina’s newly elected president, Mauricio Macri has taken several steps this week laying the groundwork for a currency devaluation.

Argentina's Central Bank is expected to implement economic measures on Wednesday that will lift restrictions on foreign currency trade prompting a more than 40 percent devaluation of the the country’s currency. Read more.

teleSUR

Related,
Government announces end of currency controls, exchange rate unification - Buenos Aires Herald

Argentina on track to end import restrictions by end of the year - MercoPress
Macri slashes agriculture export duties; farmers promise 30% larger crop next year - MercoPress

President Mauricio Macri Takes Office - Argentina Independent
Meet the Board: The Indy’s Guide to Macri’s Government - Argentina Independent

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