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Reuters

Reuters

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World

Argentina's peso: where's the currency headed after FX regime overhaul?

Reuters
Summary
Nutrition label

77% Informative

Argentina 's currency will start on a new exchange rate regime on Monday .

The peso will now be allowed to float freely within a gradually expanding band between 1,000-1,400 pesos per dollar.

The official exchange rate was previously on a crawling peg, only allowed to depreciate 1% each month .

The unexpected and sudden exchange rate shift marked the end of some six years of tough capital controls.

VR Score

89

Informative language

97

Neutral language

19

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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