Argentina tightens currency controls following Macri’s defeat

Left-wing opposition leader Alberto Fernandez wins October 27 presidential elections

Central Bank of Argentina
Stricter controls: the Central Bank of Argentina took action on October 27
Banco Central de la República Argentina

The Central Bank of Argentina (BCRA) imposed stricter currency controls on October 27, following president Maurico Macri’s defeat in the country’s presidential elections.

With 97% of votes counted, the left-wing candidate, Alberto Fernández, obtained 48.1% of the vote, while Macri gained 40.4%. Due to the wide margin, the president conceded defeat. The party of former president Cristina Fernández de Kirchner will return to power on December 10, with her as vice-president.

Following the news,

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