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Several of Argentina's largest banks have begun blocking online dollar purchases for clients suspected of circumventing the US$200 monthly purchase limit under capital controls. The central bank has ordered financial entities to monitor these transfers, which are presumed to be made on behalf of others for a commission.
Tighter enforcement of capital controls keeps the official dollar scarce and widens the gap with the parallel market, which signals continued peso pressure. A weaker peso can encourage Argentine farmers to sell grain for export, but the gap also adds uncertainty to export pricing.
batimes.com.arJames GraingerJul 17, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
