# Banks block accounts of those suspected of trying to circumvent dollar quota | Buenos Aires Times

> 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.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/52397-banks-block-accounts-of-those-suspected-of-trying-to-circumvent-dollar-quota
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/banks-block-accounts-of-those-suspected-of-trying-to-circumvent-dollar-quota.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.