“The central bank’s board approved a resolution to restrict local lending to the seven largest grains exporters, forcing them to obtain foreign currency financing, which may bring $2 billion into Argentina by year end, said two people familiar with the plan, who asked not to be named because the resolution hasn’t been made public. Reserves have tumbled $10 billion to $33.3 billion this year to a six-year low as the nation increases energy imports and uses the funds to pay foreign debt.  Banks will only be able to lend 0.3 percent of their total lending portfolio to companies that export 75 percent of their output and have more than 200 million pesos of outstanding bank loans, the people said.”

http://www.bloomberg.com/news/2013-11-05/argentine-stocks-rise-on-speculation-country-to-boost-reserves.html

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