Argentine President Says Currency Market Needs Order: Cohete

  • President Alberto Fernandez called currency market ‘messy’
  • Restrictions on dollar purchases are to prioritize imports
Alberto FernandezPhotographer: Tiffany Hagler-Geard/Bloomberg
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Argentina’s currency market is messy and must be “ordered,” President Alberto Fernandez said in an interview with local outlet El Cohete a la Luna.

In the wide-ranging interview, the leader complained that a mass exodus of dollars from the country, as well as sustained demand from citizens for dollar savings had put the country in a precarious position.