Hugo Chavez No Match to Fernandez in Bond Risk: Argentina Credit

Hugo Chavez No Match to Fernandez in Bond Risk: Argentina Credit

Juan Barreto/AFP via Getty Images

Argentina President Cristina Fernandez de Kirchner, an ally of Venezuelan President Hugo Chavez, has tightened controls over foreign-exchange markets and banned the purchase of dollars for savings and local debt repayments to stem capital outflows, which last year almost doubled to $21.5 billion.