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Cepo lifted – Blue dollar rate gone

The Argentine currency control, otherwise known as cepo, is on of the many regulations introduced by former president Christina Fernández de Kirchner. The cepo exists out of import and export rules and currency controls designed to protect the foreign currency reserves of the Central Bank.

In his campaign, president Mauricio Macri promised to get rid of the currency controls, which would result in the blue dollar rate disappearing.
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