The international organization in turn warned Javier Milei's government about the risks of abruptly withdrawing exchange controls.

The International Monetary Fund (IMF) said this Friday that preliminary data suggests that Argentina met the objectives of its program by "important margins" and added that imbalances persist in its economy and that caution is necessary for the elimination of exchange controls.

"Any dismantling of (currency) controls will have to be carefully considered taking into account the extent of the imbalances that the economy still has," Rodrigo Valdés, head of the IMF's Western Hemisphere Department, said at a news conference.

"Preliminary information also suggests that the program's key objectives planned for March were met with significant margins," he said, adding that the IMF and the Argentine government are working to complete the eighth review of the current US$44 billion program.