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Argentina: The “Cepo” Reloaded

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Last weekend the Central Bank and the Securities Commission tightened exchange restrictions, putting more limits on the operation with the most traded sovereign bonds, which are usually used by firms to buy dollars. In addition, it was sought to close some mechanisms that allowed...

 

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Argentina: The “Cepo” Reloaded

Last weekend the Central Bank and the Securities Commission tightened exchange restrictions, putting more limits on the operation with the most traded sovereign bonds,