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26 Apr 2025

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Milei freed the peso. Argentina’s economy survived

It was Argentina’s ‘liberation day’, Javier Milei proclaimed last week after meeting US Treasury Secretary Scott Bessent in the Pink House, Argentina’s presidential palace. On Friday, he had shocked the country by lifting the cepo – ‘clamp’ in Spanish – which has restricted currency trades in South America’s second-largest economy for so long. ‘After 15 years of capital