January 20, 2018
Sunday, January 26, 2014

Kicillof promises 'explicit rules' for dollar purchases

Economy Minister Axel Kicillof has shed further light on the new measures introduced for the acquisition of dollars for personal savings, which will be allowed once a month and rated according to the buyer's income.

"Now, people will be able to go again to the bank to buy dollars. Their ability to purchase will be linked to regular income levels," the minister explained in an interview with Página 12, while stating that further details would be given tomorrow by Cabinet Chief Jorge Capitanich.

Kicillof also revealed that "explicit rules for access to purchases will exist. Due to cultural issues linked to expectations, we will not do anything irresponsible that could put our economy at risk.

"We will implement this with lots of responsibility and we will carry out permanent monitoring. The system is going to be more transparent," he affirmed.

There used to be a time in Argentina where any person could buy 2 million dollars a month without explaining where the funds came from. This system led to unjustified purchases with respect to the person's income and it created suspicion over the money's origins. That is why the first task is to limit this."
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Tags:  Capitanich  dollar  blue  Kicillof  

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