Argentina enjoys a rare period of ‘currency peace’

Gap between illegal and official dollar dropped from 85% to 47% in a few weeks

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The Central Bank of Argentina

Argentina is currently enjoying a period of ‘currency peace', with the peso strengthening on the illegal dollar market, after efforts from the central bank to control illegal exchange businesses.

However, some observers believe the central bank's crackdown – orchestrated by the institution's new governor, Alejandro Vanoli – is only partly responsible for the stability on the black market, citing an agreement with farmers that has injected dollars in the economy, and the issuance of a new bond as

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