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Official USD (blue) and black market USD (orange) from January 2011 to January 2016. [1]The first restrictions were imposed on October 31, 2011. The Tax and Customs Authority, AFIP, required that individuals and businesses who sought to buy dollars request permission, which may depend of the financial status of the buyer.
The Spanish word corralito is the diminutive form of corral, which means "corral, animal pen, enclosure"; the diminutive is used in the sense of "small enclosure" and in Argentina also "a child's playpen". This expressive name alludes to the restrictions imposed by the measure. The term was coined by journalist Antonio Laje . [1]
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Since Argentina could not participate meaningfully in world capital markets given the great investment risk it posed, the only course available was the financing of these fiscal deficits by monetizing them. This meant that the government levied an inflation tax to pay for the fiscal deficits, which in turn contributed to stalling growth.
Western Union Expands in Argentina: Company Signs Money Transfer and Bill Payment Agreement with Carrefour Argentina Western Union First Financial Service Provider to Work with Carrefour in ...
The funds, holding around 48% of the securities linked to Argentina's gross domestic product in 2013, won at trial and a judge ruled Argentina should pay 1.33 billion euros ($1.44 billion) plus ...
LONDON (Reuters) -Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to repay China part of the money it borrowed through a currency swap line, two sources ...
There is no payroll tax in Argentina. The social security system is financed by employer contribution of 17% or 21% of payroll and 14% contribution by employee. The health care works the same but with 6% contribution by employer and 3% by employee. Self-employed individuals must pay their own contribution monthly and it is a fixed amount.