Argentina's central bank has announced a relaxation of peso controls, marking the first such move in years, as the country's gross reserves hit $46.24 billion, the highest since 2019. Starting December 15, 2025, the peso's trading band will widen in line with the monthly inflation rate, which stood at 2.5% in November 2025. This decision follows the lifting of most capital controls in April 2025, supported by a $20 billion loan from the International Monetary Fund. Under President Javier Milei, Argentina has pursued fiscal austerity and reserve accumulation, with the central bank purchasing over $5.5 billion in early 2026. Strong export performance is expected to bring in up to $30 billion in the next six months. Milei's administration, including Economy Minister Luis Caputo and Central Bank President Santiago Bausili, aims to stabilize the peso while maintaining a supportive stance towards Bitcoin, reflecting Argentina's high cryptocurrency adoption as a hedge against currency volatility.