Central Bank defends new rules on exchange market

Central Bank vice-president Miguel Pesce, sustained today that the new controls put in place on dollars was directed at “avoiding abuse in the market.” The Central Bank vice-head also made it clear retail buyers who are able to justify their income “won’t have a problem” buying dollars.

“The controls have been put in place to avoid abuses. Some irregular transactions were detected and what the Central Bank has now done is prevent further cases,” sustained Pesce.

Yesterday, the Central Bank implemented new measures for those buying and selling dollars in the country. The new rules target in particular those who earn over 250 thousand dollars a year and place more requirements on the buying of dollars in large amounts in businesses, and foreigners who buy assets or companies.

During a radio interview today, Pesce guaranteed that retail buyers “who can justify their income, will not have anything to worry about; they will not endure difficulties when buying dollars. We are just asking for more information, that’s all.”