Argentina to limit USD purchases for individuals to $200 a month (down from $10,000)

Author: Eamonn Sheridan | Category: News

Argentina's central bank has adjusted its currency controls to limit dollar purchases for individuals

  •  to $200 a month, down from $10,000
The President of the central bank to speak Monday
  • at 8:30 am local time 
Headlines via Reuter.

This is one way to attempt to control capital flight. The controls come as Argentina elects Alberto Fernandez its new president. Voters tired of economic austeity. 

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