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Government To Ease FX Access for Imports on Strategic Sectors

ARGENTINA
  • Economy Minister Silvina Batakis met with other policy makers Thursday morning to discuss measures following a second day of market volatility and weakness in the nation’s parallel exchange rates.
  • Argentina are to ease foreign exchange access for importers in strategic sectors of the economy, according to an Economy Minister statement released on Thursday.
  • Central bank will implement the measure for importers
  • Government will also allow foreign tourists to exchange dollars for pesos at an exchange rate used in financial markets, according to statement. Tourists can sell up to $5,000 for pesos. (BBG)
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  • Economy Minister Silvina Batakis met with other policy makers Thursday morning to discuss measures following a second day of market volatility and weakness in the nation’s parallel exchange rates.
  • Argentina are to ease foreign exchange access for importers in strategic sectors of the economy, according to an Economy Minister statement released on Thursday.
  • Central bank will implement the measure for importers
  • Government will also allow foreign tourists to exchange dollars for pesos at an exchange rate used in financial markets, according to statement. Tourists can sell up to $5,000 for pesos. (BBG)