Tag: Argentina dollar clamp

• Saturday, December 19th 2015 - 06:18 UTC

  Argentina's foreign exchange market slowly adapting to new rules with no major surprises

  

  The US dollar in Argentina's foreign exchange market plunged on Friday 35 cents to 13.60 Pesos on the second day since President Mauricio Macri's administration decided to put an end to official restrictions for the purchase of greenbacks and other dealings with foreign currency.

• Friday, December 18th 2015 - 09:14 UTC

  Argentine minister 'satisfied' with the market response on first day without the dollar clamp

  

  Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.