In Argentina introduced control over the purchase of dollars

В Аргентине вводят контроль за покупкой долларов

The limit on the purchase of foreign currency for citizens will be installed in the amount of 10 thousand dollars per month.

Argentina’s President Mauricio Macri signed a decree which provides for the imposition of restrictions on the purchase of dollars due to the falling exchange rate of the national currency. The document was posted on Sunday, September 1, in the Official Bulletin of the Argentine Republic.

“Given the recent economic and financial phenomena and the uncertainty caused by the election campaign, it is necessary to take urgent interim measures in order to be able to more actively regulate the exchange rate and thus to strengthen the normal functioning of the economy”, – the document says.

According to the decree, export companies will have to request permission of the Central Bank of Argentina to buy dollars and transfer them abroad.

According to media reports, the restrictions will affect individuals. they will set a monthly purchase limit of ten thousand dollars.

Recall, the economic situation in Argentina deteriorated after the primaries, which took place on August 11. The victory was won by the center-left candidate Alberto Fernandez.

After the announcement of the voting results of the peso against the dollar fell sharply. Also collapsed the main Argentine stock index Merval.

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