Argentina sells $379m in FX market to prop up peso
BCRA intervenes for second time since implementing managed float regime in April
The Central Bank of Argentina (BCRA) has stepped in to prop up the value of the currency amid a wave of selloffs triggered by president Javier Milei’s political troubles.
The BCRA on September 18 sold $379 million in the foreign currency markets in exchange for pesos. This the second time it had done so since signing a landmark loan agreement with the International Monetary Fund in April. The first occasion occurred the day before, when the bank sold $53 million.
Argentina implemented a managed
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