Argentines feeling trapped by currency controls - Businessweek
BUENOS AIRES, Argentina (AP) — Argentines are increasingly feeling
trapped inside their country as the government restricts access to the
foreign cash they need to travel.
Legally trading pesos for dollars or euros has become ever more
difficult as President Cristina Fernandez tries to keep dollars inside
the country and bolster the Argentine peso's sliding value. And new
rules taking effect this week are squeezing them still further by going
after credit card spending.
Until now, travel has offered a limited exception to the currency
controls first imposed last November: People up to date on their taxes
and poised to cross a border, tickets in hand, can get permission to buy
no more than $100 per person for each day abroad. The process is
bureaucratic and intrusive, and many say their requests are rejected for
reasons they don't understand.
Some coming attractions, buy Gold and Silver folks...Nothing more to add.
No comments:
Post a Comment