Argentina's Central Bank has ended a rule passed last month forcing banks to take the peso currency, long pegged at one-to-one with the US dollar, at parity for debts in dollars.
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Mr Eduardo Duhalde
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The requirement was passed last month during a foreign exchange holiday decreed amid the crisis and successive resignation of several Argentine presidents.
The Central Bank also said today it had ended a rule forcing banks to allow interchangeable transfers between pesos and dollars at the one-to-one level in accounts within the same bank.
Argentina's new president Mr Eduardo Duhalde, appointed last night by Congress, could abandon or radically change the country's currency peg, his advisers have said.
For the last decade, the peso has been pegged at parity to the dollar, the axis around which Argentina's inflation-free economy has spun. But a crippling recession, now in its fourth year, and the country's $134 billion public debt, have put the peg under pressure.