Milei faces the potential of reigniting inflation through the proposal to float Argentina’s peso. President Javier Milei is set to unveil his strategy to eliminate the majority of currency controls that have been established over the last five years. This initiative is a fundamental component of Argentina’s new US$20-billion program with the International Monetary Fund. … Read more
Market participants are positioning themselves for a depreciation of the Argentine peso in anticipation of Milei’s impending agreement with the IMF. Investors are anticipating another potential devaluation of Argentina’s peso, as the currency appears ready to shift trajectory once again, having transitioned from one of the weakest in the world in 2023 to one of the … Read more
Argentina will give investors the chance to exchange holdings of local debt into new bonds in a bid to ease fears of a default on the government’s US$35 billion of local debt coming due in the second quarter. Economy Minister Sergio Massa said the government would offer investors two swap options to exchange local bonds … Read more