DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

What economists say about Argentina’s FX reforms and IMF deal

April 11, 2025
in News
Yahoo news home
504
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

By Lucila Sigal and Eliana Raszewski

BUENOS AIRES (Reuters) – Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and years-long controls on the currency ahead of an expected $20 billion International Monetary Fund deal.

The central bank announced that it will undo a fixed currency peg from Monday, letting the peso freely fluctuate within a moving band.

Here is what economists have to say about the policy changes and the IMF loan program, the country’s 23rd in a long and complex history between Argentina and the lender.

CLAUDIO LOSER, EX-IMF WESTERN HEMISPHERE DIRECTOR

“I must say I am surprised by the amount of money at Argentina’s disposition starting next week, approximately $20 billion.”

“Eliminating the CEPO (currency controls) is important, though it does not mean everyone can take out their money. What’s more important is that the dollar will fluctuate, there will be fluctuation. People will be very nervous.”

RICARDO DELGADO, ECONOMIST

“This is a devaluation, different from what the government would have wanted ahead of the elections… Lifting the CEPO is striking at this time of global volatility.”

MARTIN REDRADO, ECONOMIST AND FORMER CENTRAL BANK HEAD

“There will be a limit to what the central bank will be able to invest in the upper part of the band. The IMF will surely set a limit that we may or may not be aware of, but that the market will put to the test.”

AGUSTIN ETCHEBARNE, HEAD OF FREEDOM AND PROGRESS FOUNDATION

“Uncertainty will diminish and that’s a positive thing.”

“This will help to strengthen the central bank… That is good news and it will allow inflation to continue decreasing in the mid-term to much lower levels than we currently have.”

JAIME REUSCHE, MOODY’S VP – SENIOR CREDIT OFFICER

“The $20 billion agreement with the IMF is an important anchor that will help Argentina prepare for the next phase of its adjustment, which involves the elimination of the currency controls and capital controls.”

“Argentina’s credit outlook remains positive, although navigating the current global environment in the context of the planned macroeconomic adjustment will be more challenging for the authorities.”

(Reporting by Lucila Sigal and Eliana Raszewski; Edited by Jorge Otaola and Rosalba O’Brien)

The post What economists say about Argentina’s FX reforms and IMF deal appeared first on Reuters.

Tags: Argentinacentral bankCEPOcurrency controlsexchange rate policyfixed currency pegInternational Monetary FundReutersYahooYahoo News
Share202Tweet126Share
Marlow: Eight Reasons I Called for the Prosecution of Letitia James for Conspiracy Against Trump’s Civil Rights Ahead of DOJ Bombshell
News

Marlow: Eight Reasons I Called for the Prosecution of Letitia James for Conspiracy Against Trump’s Civil Rights Ahead of DOJ Bombshell

by Breitbart
August 9, 2025

In Breaking the Law, my book on the lawfare against Donald Trump and his supporters, which was released this week, ...

Read more
News

GOP Millionaire Tries in Vain to Hide Secret Helicopter

August 9, 2025
News

2 Los Angeles protesters charged with assaulting federal officers at immigration rally

August 9, 2025
News

Bill Maher confronts Dr. Phil on joining Trump admin’s ‘unpopular’ ICE raids

August 9, 2025
News

Cincinnati viral beating bodycam shows cops at scene of brutal fight as six arrested face new charges

August 9, 2025
ICE Deported Him. His Father Heard Nothing for Months. Then, a Call.

ICE Deported Him. His Father Heard Nothing for Months. Then, a Call.

August 9, 2025
How Ali Sethi Spends His Day Getting Ready for a Music Tour

How Ali Sethi Spends His Day Getting Ready for a Music Tour

August 9, 2025
LAX travelers potentially exposed to positive measles case

LAX travelers potentially exposed to positive measles case

August 9, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.