Maximilian Heath

1 week ago | marketscreener.com | Maximilian Heath |Anthony Esposito

BUENOS AIRES (Reuters) -Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next Tuesday, while another $2 billion will become available by June.

1 week ago | msn.com | Maximilian Heath |Anthony Esposito

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1 week ago | marketscreener.com | Maximilian Heath |Anthony Esposito

BUENOS AIRES (Reuters) -Argentina is dismantling key parts of its years-long currency controls and loosening its grip on the peso, the central bank said on Friday, a major policy move for the South American nation ahead of a $20 billion IMF deal being finalized. The central bank announced that it will undo a fixed currency peg from Monday, letting the peso freely fluctuate within a moving band between 1,000 and 1,400 pesos per dollar, versus 1,074 at the close on Friday.

1 week ago | yahoo.com | Maximilian Heath |Anthony Esposito

By Maximilian Heath and Anthony EspositoBUENOS AIRES (Reuters) -Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next Tuesday, while another $2 billion will become available by June.

1 week ago | ca.finance.yahoo.com | Maximilian Heath |Anthony Esposito

BUENOS AIRES (Reuters) - Argentina's central bank announced on Friday that it will ease its foreign exchange market controls, allowing the peso to freely fluctuate within a moving band of between 1,000 and 1,400 pesos per dollar. The move tears down Argentina's strict capital controls that have largely been in place for nearly six years. The peso closed at 1,074 per dollar on Friday.