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Argentina's Macri Said to Plan Gradual Lift of Currency Controls

  • Controls for companies buying dollar would remain, Perfil says
  • Individuals' limit to buy dollars would be raised to $50,000
Mauricio Macri. Photographer: Patricio Pidal/Bloomberg

Mauricio Macri. Photographer: Patricio Pidal/Bloomberg

Argentine opposition candidate Mauricio Macri would lift currency controls gradually and continue to manage the exchange rate through central bank intervention if elected president, so as to not hurt the purchasing power of Argentines, Perfil newspaper reported, citing an unidentified member of Macri’s team.

Macri, seen as the more market-friendly candidate in Sunday’s presidential run-off election, is leading in opinion polls by 6 to 8 percentage points over the ruling Peronist party’s Daniel Scioli.