Argentina lifts capital controls as peso's slide continues
The Argentinian peso continued to plummet today as the government announced it will allow people to purchase dollars through their savings account.
The peso has fallen steadily against the dollar over recent years – from 3.7 in January 2010 to 6.9 earlier this week – but took a nosedive yesterday, losing more than 15% of its value in dollar terms in one day, following a sudden halt in the central bank's usual interventions to prop up the currency.
That was the peso's biggest drop since Argentina
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