✉news BusinessBanking first seen 1 d ago, last 1 h ago, peak #5
Argentina eases FX rules as dollar exit costs surge
Original: Argentina tweaks FX rules after cost of getting dollars out surges
Argentina's government has adjusted its foreign exchange rules after the cost of moving dollars out of the country rose sharply. The measure, reported from Buenos Aires, aims to relieve pressure on companies and investors struggling with the price of getting hard currency abroad. It is the latest tweak in Argentina's long-running system of currency controls, which successive governments have repeatedly loosened and tightened.
Why now: Argentina's currency controls affect investors and businesses, so any adjustment to the rules draws wide attention.
Evidence
- Argentina tweaks FX rules after cost of getting dollars out surges · Buenos Aires Times
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