On Friday, April 11, 2025, he marked a milestone in the Argentine economy. The government has announced the removal of exchange ratesMeasures that restricted the buying and selling of dollars from 2019 onwards.
The decision was communicated by Economy Minister Louis Caputo and supported by President Javier Miley. It is about to normalize exchange markets, encourage investment entry and close strict control phases It has limited the country’s economic growth.
The impact of this measure is felt not only in traditional markets but also in the cryptocurrency ecosystem. Prices for “Crypto Dollar” (Mainly USDT stability, most used) The peso measured has fallen since Friday afternoonas seen in the graph below (yellow painted area):
At the time of this publication, in Exchange Binance, Each USDT is traded for 1,333 pesos. It reached 1,400 pesos on Wednesday, a few days before the Minister of Economy’s advertiser.
Milei’s economic plan has entered Phase 3
exchange rateas Cryptooticias reported, as it was carried out during the management of Mauricio Macri in September 2019 and strengthened under the government of Alberto Fernandez. Various restrictions imposed on access to foreign currency.
Argentineans faced a monthly purchase limit of $200 through official markets, with additional taxes increasing their business. This situation has created a parallel market. There, other alternative exchange rates such as the dollar “blue” and crypto dollars reached significantly higher contributions than executives.
The uprising announcement comes after an agreement with the International Monetary Fund (IMF) in 2025 on a $200 billion loan that can be used by 15,000 million.
Since Monday, April 14th, natural people will be able to purchase dollars without limiting the amounts of Single and Free Market (MULC), eliminating $200 allocations and obstacles related to subsidies, public employment, or assistance during the pandemic.
Additionally, the Central Bank of the Republic of Argentina (BCRA) has established a switching band system with an initial range of 1,000-1,400 pesos per dollar, renewed 1% per month. This mechanism seeks to give exchange rates flexibility, and can fluctuate depending on supply and demand under official supervision.
Minister Caputo emphasized that the measures, supported by the capitalization of the BCRA and fiscal surplus, mark the beginning of “Phase 3” of Milei’s economic plan, which prioritizes opening up the economy and the appeal of capital.
But not everything is absolute liberalization: Corporate restrictions persist, As a limit on payments for external dividends prior to 2025, and Additional tax fees will be maintained for card and tourism consumption.
