Tag: US dollar restrictions

• Wednesday, June 13th 2012 - 08:21 UTC

  Argentine dollar restrictions intensify malaise in real estate and the wider economy

  

  On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.

• Tuesday, June 12th 2012 - 08:19 UTC

  “The more restrictions on the US dollar, the more people distrust the Argentine peso”

  

  Argentine former economy minister Domingo Cavallo assured that had the restrictions to buy US currency not been applied by the local Government “people would be flocking to buy dollars.”

• Monday, June 11th 2012 - 05:47 UTC

  Opinion poll shows support for Cristina Fernandez sliding significantly

  

  The image of Argentine president Cristina Fernandez and the approval of her government have fallen significantly in June compared to last October when she was re-elected for a second four year mandate.

• Monday, June 4th 2012 - 07:29 UTC

  Argentine government wants to regulate the black market for US dollars

  

  Senator and former cabinet chief Aníbal Fernández said on Sunday that the Argentine government is planning, from the open of the black market on Monday, to put pressure on money exchange traders in order for the ‘blue’ dollar rate to not go over 5.10 Argentine Pesos.

• Saturday, June 2nd 2012 - 04:19 UTC

  Argentine senator admits having lost his temper regarding his savings in dollars, “I regret it”

  

  The most outspoken soldier of President Cristina Fernandez, Senator and former Cabinet Chief Aníbal Fernández regretted on Friday his controversial outburst on Thursday when he admitted having savings in dollars and it was nobody’s business what he did with his money.

• Saturday, June 2nd 2012 - 03:50 UTC

  Argentine construction slides and could worsen because of US dollar restrictions

  

  Argentina's construction activity experienced a notable slowdown in April, the latest indicator pointing to a cooling of economic growth. Looking ahead prospects are not encouraging given the strict restrictions on US dollars, which is the main currency for real estate operations in Argentina.