Milei receives sent from Trump and celebrates the end of exchange control, but inflation worries

There was a strong expectation regarding the behavior of the financial market on Monday, first day after the end of the exchange control announced by the Argentine President on Friday. Milei and the economic team celebrated the leap journey, as shown in photographic records of Casa Rosada. At the debut of the currency band system (with a maximum of 1,400 pesos), the parallel dollar (‘Blue’) closed 1,285 weights, with weight devaluation over last week. The Merval Index of the Buenos Aires stock market rose 4.7% and the Argentine shares fired more than 17%, as the Clarín in Spanish details.

Amid the euphoria at Casa Rosada, Milei received the explicit support of Scott Bessent, who praised the economic course of Argentina, in joint statements with the Argentine president. Milei made clear, in turn, that he is the ally of the United States in Latin America and has criticized the previous governments of Argentina and the management of Bolivia, Venezuela and, “to a lesser extent”, from Brazil by the economic ways chosen in recent times.

But doubt persists about the impact of the dollar on Argentine prices. March inflation has exceeded expectations, registering 3.7%, with 55.9% high accumulated in the last 12 months.

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