Argentina’s currency controls help stabilise peso and reserves

Uncertainty about the fiscal policies of the incoming president is contributing to falling bond prices

The Central Bank of Argentina
The Central Bank of Argentina
Javier Pierini

The Central Bank of Argentina (BCRA) appears to have succeeded in stabilising the exchange rate with the tougher currency controls it implemented after the October presidential election.

Following the election of left-wing opposition leader Alberto Fernández on October 27, the BCRA reduced citizens’ access to US dollars sharply in a bid to stem the continuous depreciation of the peso.

The central bank stipulated that individuals can only purchase up to $200 per month through debit cards with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: