“Argentina has imposed another restriction on the sale of US dollars, barring travelers from purchasing them unless the dollar is the currency of their destination, the government said Monday. Argentine authorities have been pressing ahead with their policy of tightening currency controls to try to stem capital flight and protect foreign exchange reserves. The fight against the dollarization of the economy led to severe restrictions for banks, companies and small savers seeking to cope with inflation, which stands at 25 percent, according to independent analysts. The government says inflation is just 10 percent.”
http://www.rawstory.com/rs/2012/08/07/argentina-imposes-more-restrictions-on-u-s-dollars/
Related posts:
Underground — And Illegal — NYC Dinner Parties
Detroit Bus Co. moving in the right direction
Obamacare-nullifying bill to be introduced in Virginia
Argentine ‘superhero’ facing weapons charges
Italy could need EU rescue within six months, warns Mediobanca privately
Tulsa Area Man Beaten, Left For Dead By OKC Police Officers
Sacre bleu! Poor weather ruins 2013 wine grape harvest in France
McCain calls Paul, Cruz, Amash ‘wacko birds’ after CIA director filibuster
Altcoin Investment for Dummies
Retaliatory Tariffs Push Harley Offshore; Enraged Trump Threatens Punitive Taxes
IRS exposed Social Security numbers of tens of thousands of political donors
U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk
Obama renewing call to reauthorize Export-Import Bank
Bitcoin Mining Chips, a High-Tech Arms Race
Sales of George Orwell’s 1984 skyrocket in wake of spying scandal