Argentina – Liftoff !
The Argentine government has partially lifted its capital controls in accordance with IMF recommendations. Individuals will be able to buy dollars in a semi-floating exchange rate market between 1,000 and 1,400 pesos. The IMF will provide $12 bn starting Tuesday (April 15) and another $2 bn by June as part of the $20 bn, 48-month program. Other multilateral organizations will provide additional loans. In total, firepower of the Central Bank of Argentina (BCRA) to intervene in the exchange rate would be about $23 bn in 2025.