Argentina imposes currency controls to stem sharp drop in peso

Sep 03, 2019

Buenos Aires, Argentina - Argentina's embattled government has imposed currency controls intended to rein in a financial crisis that has damaged the country's standing with investors, taken a bite out of its reserves and driven more people to an economic precipice.

Companies now need to get permission from the Central Bank of Argentina to buy foreign currency or precious metals, and to transfer that money abroad. Exporters must liquidate their foreign exchange earnings in the […]

The post about "Argentina imposes currency controls to stem sharp drop in peso" appeared first in Al Jazeera website.


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