Argentine c bank bars 21 institutions from forex

ARGENTINA - Argentina's Central Bank on Monday suspended 21 financial institutions from foreign exchange trading after they failed to meet new capital regulations aimed at propping up a weakening peso currency.

The Central Bank, aiming to increase sales of dollars on the local market to strengthen the peso, on Friday ordered financial institutions, including state-run Banco Nacion and foreign-owned banks, to limit their holdings in dollars to five percent of their total net worth.

Earlier Monda

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