Argentina's President Milei lifted currency controls, leading to peso stabilization in new trading band.

From Yahoo Finance: 2025-04-16 09:59:00

Argentina’s President Milei lifted currency controls in a bold economic move. The peso weakened but stabilized in a new trading band. Wall Street praises the country’s progress. Challenges remain, including lowering inflation and rebuilding reserves. The IMF deal will help, but the road ahead is tough.

Many in Buenos Aires remain skeptical of the peso amid years of economic instability. Concerns of a rush to buy dollars persist. Milei hopes a tight monetary environment and demand from exporters will boost the currency. Analysts are cautiously optimistic about the peso’s future performance.

Analysts are closely monitoring reserves and popular support for Milei ahead of elections. The new FX regime is off to a good start but faces challenges. Businesses in Buenos Aires are feeling the impact of the changes, with fluctuating prices affecting supply chains. Some remain optimistic about the potential benefits of the new economic strategy.

Read more: Analysis-Argentina’s FX gamble reaps early wins. Now for the hard part