Argentinian peso, wait -and -see at the first “free” day of exchange control

< IMG LOADING = "Lazy" SRSC = "/Sites/Default/Files/Styles/Medium/2025-04/Juan%20mabromata%20AFP.JPG ? Itok = qikgzpvq" Width = "1300" Height = "731" Alt = "Milei and its Minister of Finance" Class = "Lazyload IMG-Fluid Image-Style-Max-1300x1300" SRC = "/Sites/Default/Files/Styles/Max_1300x1300/Public/2025-04/Juan%20Mabromata%20AFP.JPG ? iTok = QEW4GPA4"/ Juan Mabromata AFP Javier Milei, Argentinian president and his Minister of L & AMP;#039; economies Luis Caputo < P > Argentina of Liberal President Javier Milei lived this first day on Monday without foreign exchange for six years, marked by a low depreciation of the peso, depreciation that his detractors imagined much more substantial, there will still have been a form of wait -and -see, and the absence of a panic rush to the dollar. & nbsp;

< P >“Today, we are freer” has burst the ultra -liberal president in a radio interview in the morning, celebrating with the lifting of exchange controls the end of “a monster”, a “heaviest channels” which weighed on the economy. & Amp; nbsp;

< P > Initially proposed Monday to 1,250 pesos Official rate has established 1,230 for a dollar at the closure of transactions, according to the public bank Banco Nacion. A depreciation of around 12 % compared to Friday. But largely in the floating strip-of 1,000 to 1,400– fixed by the Argentine authorities. & Amp; nbsp;

< P >In other words, a contained floating, and without a rush to the “dollar refuge” on the part of Historically suspicious Argentines towards their peso: which was a fearful scenario. Because since Monday, they can have unlimited access to the greenback in their banking transactions, instead of the limit of 200 dollars per month for six years. & Amp; nbsp;

< P > Sign of relative tranquility, at least wait -and -see, the informal, parallel exchange rate, proposed in the street was just less than 1,300 pesos A dollar, not so far from the official rate. & nbsp;

< p > “everyone is waiting to see what is happening”, diagnosed for AFP, without giving their name, one of these unofficial – -but -to -tolerated trades – in a street in Buenos Areas. & Amp; nbsp;

< P > “We must lower the expectations of this first day a little,” tempered Santiago Furiase, member of the management board of the Central Bank, on the LN+chain. “This will be a process”. & Amp; nbsp;

< p > “Today, there is no longer +official dollar +, there is a single dollar which is the dollar of the market”, welcomed Mr. Milei. & Amp; nbsp;

< P > the IMF's fresh money injection, but also the World Bank, and the Inter -American Development Bank (42 billion dollars in total) is considered crucial by the government to reconstruct the reserves of the central bank, stabilize the changes, “exterminate Milei, and ultimately relaunch growth, after a year 2024 in recession (-1.8%) for this 3ᵉ economy of Latin America. & Amp; nbsp;

< P >US Treasury Secretary Scott Bessent was in Buenos Aires on Monday to meet the Argentine authorities, and offer support to the reforms. Argentinian media speculated that it could in turn announce an additional help, or a line of credit, to the Argentine government. & Amp; nbsp;

< P > For skeptics of the Milei plan, the semi-free floating of Peso is actually an “implicit devaluation”, which does not say its name, Argentina. With the fear of an impact on prices, as had been the case with the brutal devaluation (52 %) of December 2023, at the first days of the presidency Milei. & Amp; nbsp;

< P > inflation has since been contained, brought back from 211 % in interannual to end 2023 to 59 % Drastic budget austerity. & nbsp;

< P > because it is, much more than free access or not to the dollar, the indicator that “speaks” to millions of Argentines, in a country with a minimum wage of a little less than 300,000 pesos (240 dollars) and the proportion of informal employment around 40 %. & nbsp;

< P > “for me, it is impossible to speak of dollars” (because she has no pesos to buy them), smiled Monday Carolina Ramírez, 52 -year -old house employee. “But I have confidence. The gentleman (milei) is very intelligent. It is necessary to give him a chance”. & Amp; nbsp;

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