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Caputo Engages Investors in NYC, Unveils Plans for Bond Buybacks and Reserves
In New York City, Luis Caputo announced plans for bond buybacks and reserve accumulation, asserting Javier Mileis commitment to stabilize the Argentine peso within its trading band.
- Luis Caputo, the Minister of Economy (Argentina), met with investors during a JPMorgan Chase event in New York City to discuss economic strategies.
- Caputo revealed intentions to repurchase bonds and build reserves, despite the Argentine peso operating within its designated trading band.
- President Javier Milei emphasized that he does not plan to allow the currency to float freely, aiming to maintain stability amid ongoing inflation concerns.
Por Qué Es Relevante
This initiative by Luis Caputo reflects Argentinas efforts to regain investor confidence and stabilize its economy, crucial in the face of persistent inflation and currency volatility. The commitment to bond buybacks and reserves may signal a strategic shift in fiscal policy under Javier Mileis administration.