ARGENTINA IMPOSES CAPITAL CONTROLS

On 2nd September, The Economist carried an article saying that Argentina abolished capital controls in 2015.  However, on September 1st, after weeks of market turmoil, a decree reimposed controls in an attempt to shore up the currency.  Argentines’ purchases of dollars will be capped at $10,000 a month and companies will face restrictions on their ability to purchase dollars in the foreign-exchange market and to pay dividends to investors abroad.

https://www.economist.com/finance-and-economics/2019/09/02/argentinas-beleaguered-government-imposes-capital-controls

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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