Buenos Aires, April 14, 2025 (AFP) - Argentina's peso sinks after currency controls eased

NAMPA / AFP

2025-04-15

Argentina's peso slumped more than 11 percent against the US dollar Monday, after Javier Milei's libertarian government loosened currency controls to win a $20 billion IMF bailout. The peso was trading at just under 1,200 to the greenback, surging toward the middle of a new trading band, and testing the nerve of Argentine authorities. Easing currency restrictions is a major political gamble for Milei -- a weaker peso would make Argentine exports......

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