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Argentina peso crisis: Testing times ahead

Posted on 28 January 2014

One day, Argentines went to sleep with a plummeting peso and tight exchange controls. The next day, the country awoke to a radical change in the government of Cristina Fernandez de Kirchner’s foreign currency policy.
After more than two years of increasing restrictions on the purchase of dollars, like taxing credit card transactions abroad or restricting online commerce on foreign websites, Mrs Kirchner’s chief of staff, Jorge Capitanich, announced that buying dollars for savings accounts would be legal again………………………………………..Full Article: Source


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