EconomyExplainer
The peso, exchange bands and the end of Argentina’s cepo
A 2025 relaxation reopened access to dollars for individuals and introduced a managed trading range; it did not abolish the peso or every rule facing companies.
peso
Every Milei News story on peso, newest first.
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Argentina's central bank resumes dollar purchases under a new exchange-rate phase
The BCRA bought $21 million on January 5, its first market purchase since April 2025. Accumulating reserves became a test of whether disinflation could coexist with external stability.
Source: Bloomberg Línea, 5 Jan 2026
US buys Argentine pesos and finalizes $20 billion swap framework
Washington moved from promises to direct peso purchases and a currency-swap framework before Argentina’s midterms. The intervention rallied markets, while its exact purchase size and swap terms remained undisclosed.
Source: Reuters, Treasury intervention, 9 Oct 2025
US Treasury support pledge lifts Argentine assets after peso scare
Scott Bessent raised the possibility of swap lines and direct currency purchases as Buenos Aires struggled to defend the peso. Markets rebounded, but economists warned that the underlying dollar shortage remained.
Source: Reuters, Argentine market rally, 22 Sep 2025
Argentina's costly peso drives tourist spending abroad as arrivals fall
Government tourism data released in June 2025 showed outbound travel rising and inbound visits declining. The gap exposed a hard-currency cost of the same strong peso that tempered domestic inflation.
Source: Buenos Aires Herald, 25 Jun 2025
Argentina's May inflation falls to 1.5%, its lowest since 2020
INDEC's June release showed a sharp monthly slowdown after the April currency overhaul, but annual price growth remained 43.5% and economists warned that food's seasonal relief might not last.
Source: INDEC, May 2025 consumer price report, 12 Jun 2025
Peso slides in first trading session after Argentina loosens dollar controls
The peso weakened as a new AR$1,000–1,400-per-dollar band began operating, with investors applauding access to foreign exchange but economists watching for renewed price pressure.
Source: BCRA, 14 Apr 2025
IMF approves $20bn programme for Argentina as Milei resets currency policy
A four-year Extended Fund Facility brought an immediate $12 billion disbursement and a demanding policy framework, giving Argentina resources to support a risky dismantling of exchange controls.
Source: Reuters, 11 Apr 2025
Caputo unveils peso devaluation and spending cuts in Argentina's first shock package
Two days after Milei's inauguration, the economy minister set a new official rate near 800 pesos per dollar and announced cuts that would put the government's fiscal promises to the test.
Source: Reuters, 12 Dec 2023
