Argentine official denied on Friday that the government plans to devalue the peso amid rumors that drastic official actions are looming.
“We are not going to take any explosive measures,” Deputy Economy Minister Axel Kicillof said at a news conference.
Argentina’s economy is under pressure from rising inflation and slowing trade, and people have been increasingly trading their pesos for U.S. dollars to shelter their earnings.
Currency controls aimed at reducing rampant tax [...]
