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Source: Reuters
By: Gabriel Burin
01.13.2016

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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