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Argentina announces new round of currency controls amid economic crisis

Argentina announces new round of currency controls amid economic crisis

12.9.2019

Argentina announces new round of currency controls amid economic crisis

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

BUENOS AIRES (Reuters) - Argentina’s central bank late on Wednesday announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America’s third largest economy.

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.

The shock result sent bonds, stocks and the peso currency plummeting on market fears over a potential return to the interventionist policies of Fernandez de Kirchner’s previous government.

Read more: Reuters Top News

Yes Abolish the central bank.

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