Argentine peso stabilises after turbulent few weeks

Map of Argentina

The Argentine peso reached some measure of stability at the beginning of the month, after its sharpest decline for 14 years in late January, as the Central Bank of Argentina introduced new capital control measures to stem a rapid devaluation.

The slide in the peso had been picking up pace since the beginning of 2012, and became especially brisk towards the end of last year. On November 18, Argentine president Cristina de Kirchner replaced the head of the central bank, Mercedes Marco de Pont, and

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