Argentina lifts capital controls

Argentina lifts capital controls

Argentina Economy & Policy Corporate & Sovereign Strategy

Argentina has lifted capital controls after nearly four years, a move that will trigger further devaluation of the peso to restore external competitiveness, finance minister Alfonso Prat Gay said at a press conference yesterday. The central bank is to follow through with measures implementing the change, scrapping a tax on the dollar, ending foreign exchange controls and increasing a cap on the amount of dollars that individuals can buy to $2m per month. The decision will allow importers to

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial