The Argentine peso lost 30 per cent of its value today after the new pro-business government scrapped the foreign exchange restrictions introduced by its leftist predecessors.
At the close of trading on the first day without the currency limits, dollars were changing hands for 14 pesos, more than 42 per cent higher than the closing rate on yesterday.
At the close of trading on the first day without the currency limits, dollars were changing hands for 14 pesos, more than 42 per cent higher than the closing rate on yesterday.