Boudou refers to currency market controls as 'temporary'

Economy Minister, Amado Boudou, came on stage today to, once again, try to bring some tranquility to markets and population after yesterday’s debut of the AFIP’s Foreign-Exchange Consultation Programme.

During radio conversations, the Minister indicated that “within a couple of days we’ll all see this programme as something temporary and that we should move forward”, and added, “There were some technical dufficulties during the first day, and we learnt several things in order to make the necessary adjustments. Today everything will work smoothly.”

The programme gives the Central Bank the power to authorize or not all sales of foreign currency through banks, exchange houses, ATMs, Internet banking and phone banking.

Likewise, the recent elected Vice President remarked that “Those who have their numbers and accounts in order have nothing to fear, but those who try to speculate with foreign currency operations better know that it will not be allowed anymore as we are trying to tackle down money laundering