Tag: foreign money market

• Friday, March 23rd 2012 - 22:51 UTC

  Argentina has at least a three-tier foreign money market: formal, informal and ‘cash overseas’

  

  The strict foreign currency controls and restrictions on the purchase of US dollars in Argentina have created the traditional black or informal market and a more sophisticated option by acquiring dollar denominated assets which can be cashed overseas such would be the case of shares from companies trading in New York.