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Argentine Peso in Flux: Central Bank Resumes ‘Crawling Peg’

In a pivotal move on Wednesday, Argentina’s central bank reignited its gradual devaluation strategy after an almost three-month freeze, causing the peso to dip to 352.95 against the dollar. This decision follows a resilient stance at 350 since mid-August, initiated after a primary election-induced currency crisis. According to Gabriel Rubinstein, Secretary of Economic Policy, the […]

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