Capital controls emerging in Argentina - InvestingChannel

Capital controls emerging in Argentina

I have a student in Argentina that sent me a message today. He says that it has become extremely difficult to take money out of the banks, even $100 USD. It is considered capital flight with legal difficulties.

He says that $2 billion USD are leaving Argentina daily.

The Argentine peso has been falling but it is ticking down more recently. (graph for last year, http://www.xe.com)

argentina peso

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