Argentine Peso Depreciates After Exchange Controls Lifted

Fonte: International Business Times

Argentina has received a $20 billion loan from the IMF AFP Argentina's currency dropped 8. 4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years. The rate settled at 1,190 pesos to the dollar, according to state-owned Banco Nacion, well within the floating band of 1,000 to 1,400 pesos to the dollar set by Argentine authorities Friday.