Currency controls

Javier Milei restores tradition of presidential visit to ExpoAgro exhibition and tells agricultural producers that inflation in February likely slowed to around 15%.

President Javier Milei says currency controls in Argentina could be lifted as soon as midyear “if everything goes well”.

The La Libertad Avanza leader, who appeared at the Expoagro 2024 exhibition in Buenos Aires Province, also revelaed that he hopes February’s inflation rate will be around 15%, providing further evidence that consumer prices hikes are slowing.

Milei, 53, spoke to a closed auditorium of nearly 150 agricultural producers, about taxes, inflation, currency restrictions and the future of the economy at the event at the San Nicolás fairground and racing circuit.

His visit to Argentina’s premier gathering of mass agricultural producers and farmers restored a presidential tradition that had been discontinued by former president Alberto Fernández during his 2019-2023 administration.

SOURCE: www.batimes.com.ar

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