Argentina Lifts Currency Controls After 5 Years — New Dollar Band Set at 1,000–1,400 Pesos
In a major economic move, the Argentine government led by President Javier Milei announced the complete removal of currency controls as of next Monday.
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![Argentina Lifts Currency Controls After 5 Years — New Dollar Band Set at 1,000–1,400 Pesos]()
Argentina: Minister Luis Caputo announced President Javier Milei's austerity plan with the official exchange rate set at $800
The official exchange rate is set at $800 with an estimated monthly adjustment of 2%. At the same time, the PAIS tax increases to 17.5%, bringing the importer's dollar to $940 (official exchange rate plus 17.5% PAIS tax). Meanwhile, dollars for export will have a 15% retention (80% MULC and 20% CCL), resulting in a value of $860, and the card dollar will be $1320 (30% PAIS tax, 35% income tax, and elimination of Personal Assets tax).
![Argentina: Minister Luis Caputo announced President Javier Milei's austerity plan with the official exchange rate set at $800]()
