Argentina delays floating peso

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres for another two days, suspending plans to fully float the peso.

The government made the order to try to prevent a run on bank deposits by people trying to convert their savings to US dollars.

Banks and other currency traders have remained shut since Sunday when the government announced an end to exchange rate controls - a move expected to send the value of the pesos plummeting.

A run on the banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: