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Thought January 11, 2019 / 05:55 pm UTC

Central Bank of Argentina Troubled By…Wait...Strong Peso?

By Priscila Robledo
The Argentine peso (ARS) has breached the lower bound of the Central Bank of Argentina's (BCRA) no-intervention band. The BCRA’s intervention has not been enough to bring the currency back into the band, and, given the $50 million daily purchase limit, it may take some time do so.