Argentina announces new round of currency controls amid economic crisis

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Argentina's central bank late on Wednesday announced further currency contr...

FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires' financial district, Argentina August 30, 2018. REUTERS/Marcos Brindicci/File Photo - RC18114DEA20/File Photo

The new measure requires anyone purchasing foreign currency to present a sworn oath promising to wait at least five days before using it to purchase bonds. Argentina’s government authorized currency controls earlier this month, an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.

 

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Abolish the central bank.

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