Exchange Bands
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Argentina's Exchange Rate Bands Scheme Takes Effect as Reserves Build
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Following the Central Bank's December 2025 announcement of its 2026 economic plan, the new exchange rate flotation scheme—adjusting dollar bands by past inflation—took effect on January 2, 2026. The BCRA aims to accumulate reserves amid market anticipation of quote shifts, while economist Martín Redrado warns the system is transitory without clearer policy definitions.