Posted by AdviserDirect on 09/02/2019

Argentina imposes currency controls to support economy

Argentina imposes currency controls to support economy

Argentina has imposed currency controls in an attempt to stabilise markets as the country faces a deepening financial crisis.

The government will restrict foreign currency purchases following a sharp drop in the value of the peso.

Firms will have to seek central bank permission to sell pesos to buy foreign currency and to make transfers abroad.

Read the full article.

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