Argentines travelling abroad only permitted to purchase currency of destination country

Posted on August 7, 2012 • Filed under: Argentina, Business, Economy, TRAVEL

The Argentines who want to make tourism abroad will now have more restrictions because the government only allowed to buy the currency of the country of destination with a new measure that prohibits the acquisition virtually free dollars. The government of Cristina Fernandez de Kirchner began to restrict the acquisition of U.S. dollars last October in a bid to curb capital flight that hit hard the reserves of the Central Bank, which finances its debt payments. Read Article

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