Overview

• Argentina officially lifted its currency controls ('cepo cambiario') on April 30, transitioning to a floating exchange rate within ARS 1,000–1,400 bands, updated monthly by 1%.
• The International Monetary Fund approved a $20 billion extended fund facility, with $15 billion available in 2025 to support Argentina’s economic reforms.
• The official exchange rate stabilized at ARS 1,190, while the informal 'blue' dollar reached ARS 1,310, its highest level in seven months.
• Foreign card purchases remain subject to a 30% surcharge, bringing the 'dólar tarjeta' to ARS 1,547.
• The Central Bank continues to face pressure on reserves, which dropped to $26.246 billion, the lowest level in 14 months, despite market interventions.