Argentinian Finance Minister Alfonso Prat-Gay speaks during a press conference in Buenos Aires on December 16, 2015
� AFP Eitan Abramovich
Buenos Aires (AFP) - Argentine Finance Minister Alfonso Prat-Gay said Wednesday the country will scrap the foreign exchange restrictions that led to separate official and black-market rates for the peso, setting up a potentially painful devaluation.
"We are pleased to be able to announce the end of exchange rate restrictions," he told a press conference, saying the country "is normalizing its economy" after four years of mercado forex divisas controls under the previous president.
� AFP Eitan Abramovich
Buenos Aires (AFP) - Argentine Finance Minister Alfonso Prat-Gay said Wednesday the country will scrap the foreign exchange restrictions that led to separate official and black-market rates for the peso, setting up a potentially painful devaluation.
"We are pleased to be able to announce the end of exchange rate restrictions," he told a press conference, saying the country "is normalizing its economy" after four years of mercado forex divisas controls under the previous president.