IMF staff praise new Argentina stabilisation plans

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International Monetary Fund staff today (October 12) praised the new stabilisation plans underway in Argentina, after visiting the South American country from October 6–11.

Earlier in October, the Central Bank of Argentina introduced a more flexible exchange rate regime. This intends to allow the peso to fall faster against the US dollar, bridging the widening gap with the unofficial rate. However, the central bank needs to tread carefully to prevent the peso from collapsing, which would

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