Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new Economy Minister Luis Caputo said on Tuesday, as part of economic shock therapy aimed at fixing the country's worst crisis in decades.

Argentina devalues peso, cuts spending to treat fiscal deficit 'addiction'

In a move to curb US dollar hoarding and counter an anticipated devaluation, Argentina's central bank has imposed restrictions on the foreign currency holdings of commercial lenders, Bloomberg reported.

Argentina imposes limits on banks’ dollar holdings amid concerns over devaluation 

Communist-run Cuba will soon devalue the peso’s one-to-one exchange rate with the US dollar for the first time since the 1959 revolution, according to three sources who requested anonymity due to the sensitivity of the subject.

Cuba plans first official peso devaluation since 1959 revolution | Sources

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