Argentina secures IMF deal, dismantles capital controls • FRANCE 24 English

President Javier Milei on Friday announced that he would lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund. It marked a major step forward in the libertarian’s program to normalise Argentina’s economy after decades of unbridled spending.
#Argentina #IMF #Milei

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19 comments

  7. Hahaha, Argentina is about to repeat what South Korea went through. All your industries are about to be taken over by Wall St at firesale prices – after Soros and his media buddies start a shortselling and confidence attack on Argentina.

  10. Somehow getting a loan is considered an achievement. LMFAO…. they must have a very low expectations of themselves. as they say: losers stay at the bottom of the totem pole.

  12. That short sentence fragment of "Limits of fluctuations" on exchange rates kind of says it all. Not a bad idea to start out easing capital controls, but they need to keep proceeding with it (even by 'baby steps') to get Argentian out of its perennial fiscal problems.

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