Central Bank of Argentina promises to allow importers access to dollars
Importers estimate they were prevented from accessing ‘$360 billion’ in three days
The Central Bank of Argentina will gradually increase the number of requests for dollars that it approves, it announced yesterday, after rejecting all applications made between February 4 and 6.
Argentine businesses must apply to the central bank each time they want to obtain more than $150,000 from a commercial bank to finance imports, a limit that has been in operation since September 2014.
"The Central Bank will slowly increase the possibility of access to the foreign currency market," the
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