Tag: capital flight

• Thursday, December 8th 2011 - 06:47 UTC

  Capital flight in Argentina doubles to 18 billon dollars in nine months of 2011

  

  Argentine capital flight accelerated to the fastest pace in at least 10 years in the third quarter as investors concerned about inflation and a weakening Peso pulled cash out of South America’s second-biggest economy.

• Friday, December 2nd 2011 - 06:23 UTC

  Third quarter capital flight from Argentina reaches 8.433bn dollars, reports Central bank

  

  Capital flight from Argentina during the third quarter of this year totalled 8.443 billion dollars, almost four times during the same period a year ago, according to the latest report from the country’s central bank.

• Saturday, October 29th 2011 - 03:46 UTC

  Argentina’ tax office will validate buyers of foreign exchange as of Monday

  

  Argentina’s tax revenue office (AFIP) will validate from Monday onwards the people or enterprises that purchase currencies at the foreign exchange markets in order to control if they have the funds to do it and end with the irregular transactions, Economy Minister Amado Boudou announced Friday.

• Friday, October 28th 2011 - 20:45 UTC

  Argentina imposes stricter foreign exchange rules to contain capital flight

  

  Argentina imposed strict rules for operations in US dollars with the purpose to greater control over the foreign exchange market, moderating alterations in daily operations and above all to stop the haemorrhage of greenbacks estimated at 3 billion dollars a month.