# Argentina Imposes Capital Controls as Reserves Drain Away - Bloomberg

> Argentina imposed capital controls to halt a slump in foreign currency reserves and the peso, which has pushed the country to the brink of default. Individual Argentines are limited to dollar purchases of no more than a set amount. The article's details are partly cut off.

- Date: 2019-09-01 · published 2019-09-01T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/57373-argentina-imposes-capital-controls-as-reserves-drain-away-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Capital controls restrict the flow of dollars and can alter how Argentine exporters and importers handle currency, affecting trade in farm commodities. The default risk adds to uncertainty for Argentine supply and prices.

## Read by commodity

- USDARS: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-09-01/argentina-imposes-currency-controls-as-debt-crisis-escalates

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