Bitcoin.com News
Bitcoin.com News|Apr 22, 2025 07:32
🇦🇷 Big news from Argentina! The government has taken a bold step by securing another credit line from the IMF and lifting the "cepo," a series of currency controls that have been in place since 2019. President Milei is fulfilling a key campaign promise, putting the future of the economy on the line as he aims to stabilize the peso and manage the dollar's value. With a new fluctuation system in place, the central bank is working to keep the exchange rate between 1,000 and 1,400 pesos per dollar. So far, the dollar has remained stable, showing confidence in Milei's approach! However, this is just the beginning. If successful, Milei could end a long-standing system, but failure could lead to increased devaluation and inflation. What do you think about these developments in Argentina? Let us know! 👇
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