Argentina’s smooth peso devaluation a rare bright spot in emerging markets
By: Gabriel Burin
Argentina’s new government untied the first of many tight knots in a tangled economy with a surprisingly smooth transition to a floating currency regime.
The peso is now close to ‘fair value’ – one that truly reflects Argentina’s economic fundamentals — after President Mauricio Macri devalued the currency in December as part of his business-oriented approach to restore growth.
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