Argentina's Central Bank Takes Action to Manage Peso's Value in Unofficial Forex Market
Tuesday, 16 July 2024, 11:37
Argentina Central Bank Intervenes in Parallel FX Market
Argentina's central bank recently sold dollars in the parallel FX market to address the increasing value of the local currency's CCL rate. This move comes as part of efforts to tighten the monetary supply and stabilize the peso's value against foreign currencies.
Objective: Stabilizing Peso Value
The intervention aims to curb volatility in the market and restore confidence in the country's monetary policy.
- Central Bank Action: Selling dollars in the parallel FX market
- Monetary Supply Tightening: Efforts to stabilize the peso
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