Argentina Halts Monetary Expansion to Combat Inflation

Argentina, under Economy Minister Luis Caputo's guidance, is taking measures to combat inflation by halting the expansion of its monetary base, focusing on stabilizing the economy through controlled money circulation. This decision, effective from Monday, involves sterilizing peso issuance with dollar sales in specific markets. The recent regulatory actions by Argentina's Central Bank aim to manage liquidity through new Fiscal Liquidity Bills and transition interest-bearing debt from the bank to the treasury, marking a strategic shift in the country's economic plan to tackle financial challenges and streamline operations.