Reported 9 months ago
Argentine President Javier Milei's administration announced the second phase of its economic plan, swapping central bank notes for new Treasury debt to serve as the primary instrument for monetary policy administration. The shift aims to close sources of monetary issuance to combat high inflation rates, with the IMF approving the measures. The government also assured no abrupt devaluation of the peso or acceleration of currency depreciation, focusing on gradually easing out of currency controls as part of the overall plan that includes tax reforms and foreign investment incentives.
Source: YAHOO