Argentina adds restrictions to access dollars through financial mechanisms

 Argentina adds restrictions to access dollars through financial mechanisms

RIO DE JANEIRO, BRAZIL – Argentina started this Monday a new restriction to access US dollars through more sophisticated financial mechanisms, which seeks to avoid new escalations in the US currency price in the domestic market.

According to a statement issued by the CNV on Monday, the new measures are aimed at “containing systemic risks and providing price stability in the trading of negotiable securities, within the framework of the current economic policy” (Photo internet reproduction)

The measures were adopted by the National Securities Commission (CNV, Argentina’s market regulator) and the Central Bank and affect transactions involving purchasing and selling public bonds and shares whose final objective is to obtain US dollars.

After applying the new restrictions, the so-called “financial dollars” quotations fell slightly this Monday.

The so-called “cash with…

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