Capital control is back in Argentina

English Sep 3, 2019

After Macri was elected in 2015, his first act was to remove capital restrictions for buying and selling other currencies, opening the country for the global markets.

This time, on September 1st, the president was forced to reinstitute capital controls after the fear of peronists reassuming the government hitted the argentinian market creating chaos and a massive sell off for the peso. In an attempt to reduce the damage on the local currency, the government decided to limit purchases of dollars at $10,000 a month. Some restrictions were also imposed on companies damaging their ability to purchase dollars and to pay dividends to investors abroad.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.