There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.
China’s State Administration of Foreign Exchange reports that Chinese travellers spent US$ 127.5 billion abroad in the first half of 2019.
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.
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.