Argentina imposes more money exchange restrictions to defend reserves

Friday, November 1st 2019 - 09:58 UTC

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Argentina’s central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left. Read full article

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Enrique Massot
Mauricio Macri and his acolytes lied to get into government. None of the promises he made during campaign was fulfilled.

Now, on his way out, Macri has reneged of the only principle he had sustained during all his time in government: No restrictions to buying or selling dollars.

That's it. In the dying days of his presidency, Macri had to use the same hated device he railed against during the CFK government -- the “cepo” on the dollar. He really had to do it in order to reach Dec. 10 without a major financial shake up.

Which could be called poetic justice.
Nov 06th, 2019 - 08:29 pm - Link - Report abuse 0
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