US EditionMilei Refuses to Release the Exchange Rate Despite the Rescue of the United States
18 Articles
18 Articles
Prior to his trip to the United States to attend the American Business Forum, President Javier Milei gave an interview to the media specializing in financial economics Times (FT) in which he spoke about the future of the administration after the elections, highlighted his intention to deepen his alliance with his pair Donald Trump and remarked that he will sustain the scheme of dollar bands until the end of his term. “We have a program and we wi…
Javier Milei does not plan to modify the system of bands that governs the exchange rate, despite the pressures of the market to allow the free flotation of the peso against the dollar. The president of Argentina now defends the controls, of which he denied before coming to power, just when he starts this Thursday a new visit to the United States to participate in a business forum in Miami and a few weeks after the White House concretes a rescue …
The peso has been revalued since Milei's electoral victory on October 26, strengthening almost 3% and leading the winnings in a basket of 31 coins monitored by Bloomberg
President Javier Milei confirmed that he will maintain the managed floating exchange rate system until the end of his term in 2027, with the aim of reducing the peso's volatility and ensuring macroeconomic stability. In statements to the British newspaper Financial Times, the president explained that the band system will remain in place as a central tool of his economic program, thus ruling out any immediate modification of the exchange rate reg…
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