Argentina’s new president relaxes currency controls

Global Business

Argentina’s president Mauricio Macri is shaking things up after just one week in office. His government lifted Kirchner era currency controls in Argentina that date back four years.

The value of the Argentinean peso fell sharply after the announcement. Now, the move is sparking broader concerns about the economy.

CCTV America’s Joel Richards reports.

Argentina's new president relaxes currency controls

Argentina's president Mauricio Macri is shaking things up after just one week in office. His government lifted Kirchner era currency controls in Argentina that date back four years. The value of the Argentinean peso fell sharply after the announcement. Now, the move is sparking broader concerns about the economy. CCTV America's Joel Richards reports.