Argentina's peso has lost about 30% of its value after the country lifted currency controls on Thursday Dec 17,2015
The drop comes after Argentine Finance Minister Alfonso Prat-Gay said he would eliminate the foreign exchange restrictions that have propped up the peso since 2011.
After his announcement, markets opened with one dollar buying 14 pesos.
Analysts had predicted a fall of up to 30% from the previous controlled rate of 9.8 pesos to the dollar.
Argentine Finance Minister Alfonso Prat-Gay said that the country's central bank had been given the right to buy pesos if the exchange rate fell too rapidly.
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