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Argentina Mortgage Loans Fall on Dollar Restriction, Ambito Says

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Aug. 13 (Bloomberg) -- Argentina’s mortgage loans fell 60 percent from a year earlier as the government tightened restrictions to buy dollars, newspaper Ambito Financiero reported, without saying where it got the information.

The drop in mortgages follows a 70 percent decline in real estate transactions as most of them are conducted in dollars instead of pesos, the Buenos Aires-based newspaper said.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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