The New and Improved Argentina Is Still a Tricky Place to Invest
- Macri lifted the most onerous of currency controls in December
- But time limits, bank account rules still hinder investments
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When Mauricio Macri took over as president of Argentina in December, investors cheered it as a turning point in the nation’s boom-to-bust narrative, a move that would kick-start cash flows back into the South American nation.
So why, eight months later, are so many foreigners still sitting on the sidelines?