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

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.