April 11, 2025, will be remembered as a pivotal date: the day it was announced that the currency clamp, a legacy of more than a decade of restrictions, would come to an end thanks to the bold and coherent economic policy of President Javier Milei. Today, just a month later, the balance is overwhelmingly positive: the dollar remained below $1,200 in all its variants, consolidating near the floor of the $1,000-$1,400 floating band set by the Government.
The Minister of Economy, Luis Caputo, along with the President of the BCRA, Santiago Bausili, announced the end of the clamp a month ago, with the establishment of a currency band that grants freedom with rational limits. Since then, the wholesale dollar—a reference for foreign trade—advanced 5.3% from $1,078 to $1,136. This increase did not directly translate into prices, which represents a credible exchange anchor for the disinflation process that already shows signs of success.
