Argentina halts currency trading

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.

Foreign exchange trading has been suspended since Sunday, when the government announced plans to scrap all remaining exchange rate controls as part of a wider package of reforms aimed at restoring economic stability after months of crisis.

The government ordered the closure of retail banks at the same time

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