Argentina's central bank to intervene in for-ex
ARGENTINA - Argentina's central bank will intervene on the foreign exchange market "firmly" from today to stem the fall of the peso against the dollar, Argentinean newspaper Clarin reported, citing a senior central bank source.
According to Clarin, the central bank will target a maximum sell rate for the peso of 3.20 per dollar, while newspaper Pagina 12 reported that the central bank has decided not to let the peso dip below 3.50.
The banks and exchange houses trading dollars on behalf of the
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