VOICED : Peso argentino se derrumba tras eliminacion del cepo

The transcript discusses the sharp rise of the Argentine peso against the dollar following the removal of currency controls. Argentinians can now purchase foreign currency without restrictions, fulfilling President Mauricio Macri's electoral promise. The lifting of restrictions was demanded by various sectors due to the economic distortions it caused. However, concerns about economic consequences, such as lower wages and increased poverty, are raised. The Central Bank is prepared to intervene if necessary to stabilize the market.

What significant change occurred to the dollar's value in Argentina on the first day without currency controls?

What were the requirements for Argentinians to acquire foreign currency after the removal of restrictions?

How did Mauricio Macri fulfill his electoral promise regarding currency controls?

What were the concerns raised about the economic impact of the currency devaluation?

What role will the Banco Central play in the new currency market according to the Minister of Economy?