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Argentina installed foreign exchange controls in 2011, at the beginning of the second presidency of Cristina Fernández de Kirchner. Those controls limited the ability to buy or sell any foreign currency. The restriction was informally known in Argentina as Cepo cambiario (Spanish for 'exchange clamp').
Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the ...
Beyond its issues with currency controls and an overly large welfare system, Argentina is also one of the hardest countries in the world in which to run a business.
Argentina's government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina ...
In an editorial published in October 2015, The Economist expressed the following view about the situation in Argentina: [47] Argentina needs change. As Ms Fernández slips out of office the economy is starting to crumble. Currency controls and trade restrictions [...] are choking productivity; inflation hovers at around 25%.
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
PESO CONTROLS. Argentina's peso currency has been shackled by capital controls since a market crash in 2019, which has led to an unwieldy array of exchange rates, where dollars trade for well over ...
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