Argentina Tightens Exchange Controls to Curb Dollar Outflow
- Central bank restricts consumer access to installment plans
- Argentina also limits banks’ net cash dollar positions
Argentine 100, 200, 500 and 1000 peso banknotes are arranged for a photograph in Buenos Aires, Argentina, on Saturday, March 30, 2019.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s central bank tightened access to hard currency further, the latest attempt by the crisis-prone country to contain dwindling reserves amid growing devaluation expectations.
The central bank published late Thursday one rule change affecting banks and another affecting consumers, as it tries to preserve its store of dollars to help defend the value of the peso.