November 15, 2023 13:24 GMT
Central Bank To Resume Crawling FX Peg Mechanism
- It is worth highlighting that in Argentina, the central bank is scheduled to return to a crawling peg today, having fixed the official exchange rate at 350 per dollar since its August devaluation.
- The peso would be devalued by 1% today and a further 2% distributed throughout November, thereby resuming the crawling peg mechanism. (BBG)