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November 28, 2014
Friday, January 24, 2014

Gov't lifts restrictions on dollar purchases

The national government has lifted restrictions on personal US dollar purchases for citizens, ending a prohibition on greenback savings that began at the end of 2011.

The new measures, which occur one day after both the official and parallel 'blue' dollar saw record rises, were announced today in a short press conference by Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof. They will come into effect from Monday onwards.

"We have decided to authorise the buying of dollars on behalf of individuals, according to their declared incomes," Capitanich announced from Government House.

While the jump in exchange rates over the last two days was not mentioned, the Cabinet Chief stated that the government understands "currency prices have reached an acceptable convergance level for its political economy aims."

Kicillof, meanwhile, limited his words to an irony-laden attack on critics of economic policy; "the same people that told us for years that the dollar was worth one peso now want us to believe that it is worth 13," the price in the parallel market.
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Tags:  Capitanich  dollar  blue  Kicillof  





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