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And what is the name of the exchange rate you used for measurement to say ARS has strengthened against USD by 40%? The blue one?
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Blue 👍
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I see, thank you. I took a look at this website:
https://cuex.com/en/usd-ars_pa
And indeed it is striking to see the difference, like a different currency. I didn't know.
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The opposite. The peso strengthened against the dollar by +40% in a year.
There are multiple exchange rates imposed by the government. Before liberalising Milei has to fix the balance sheet. They've been accumulating US Dollars. If they removed the currency controls it would have bankrupted the treasury as they didn't have enough US Dollars.