Argentina introduces capital regulation Restricts buying of peso dollars September 3 at 7:16
The South American Argentine government, which continues with the economic crisis, has announced the introduction of capital regulations, such as restricting the dollars that individuals can purchase to 10,000 dollars a month from this month in order to stop the currency peso against the dollar. Did.
In Argentina, opposition candidates who insisted on the primaries of the presidential election held in August moved to the main election in 1st place. After that, concerns about the future of the economy increased and the currency peso fell against the dollar. The situation where the pawl does not take place continues.
In addition, as a result of the government's intervention in the exchange to prevent the depreciation of the peso, foreign currency reserves decreased significantly, and if the rate declined at this rate, the foreign currency owned by the Argentine government could bottom out in a few weeks.
As a result, the Argentine government will limit the dollars that individuals living in Argentina can purchase from this month to 10,000 dollars a month, as well as to hold more dollars for businesses than necessary. Announced to introduce banned capital regulations and will continue until the end of December.
The reason for the capital regulation is to limit the buying of peso dollars and prevent the decline in the peso price.
The Argentine government, which has not been able to revive its finances, is also seeking a grace period for debt repayment to the IMF = International Monetary Fund last week. Is continuing.