In the News
Argentina imposes currency controls
4th September 2019
The Argentinian economic crisis continues, and the central bank has imposed currency controls to try and stop the further depreciation of the peso. The country remains in deep recession, and price inflation is running at over 20% for the first half of the year. Currency controls are an attempt to halt capital flight as nervous investors look to unload Argentinian pesos and move their assets into safe currencies including the US dollar. Argentinian central bank reserves of gold and foreign currencies have been dwindling at a rapid pace.
Argentina is imposing currency controls to halt the flight of dollars out of the country as it teeters on the brink of default https://t.co/zd3YFcZeIZ
— Bloomberg (@business) September 1, 2019
Argentina imposes currency controls as economic crisis deepens – business live https://t.co/sowBDctge7
— Guardian Business (@BusinessDesk) September 2, 2019
#Argentina imposes currency controls. Govt moves to prevent cap flight after peso slides in spiralling crisis. Move follows surprise announcement on Wed that Argentina will seek to defer payments on $101bn of debt, which rating agency classified as defaulthttps://t.co/pA99iCQ5zR pic.twitter.com/4UHkKLMpPw
— Holger Zschaepitz (@Schuldensuehner) September 1, 2019
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