IMF analyzes details of foreign exchange controls announced by the government

"The Argentinian authorities today announced capital flow management measures to protect exchange rate stability and savers," the IMF said in a brief statement in which it said its staff "badyzed the details of these measures ".

"The staff will remain in close contact with the authorities in the coming period and the Fund will remain with Argentina in these difficult times," he concluded.

This Sunday, the government has formalized in the Official Journal the return of exchange control with measures including exporting companies will need authorization from the Central Bank to buy foreign currency and make transfers abroad; the people can buy up to 10,000 USD per month, and also turn this amount overseas. The sources of the entity that runs Guido Sandleris have explained that "with this measure, one seeks to obtain greater currency stability and to protect the saver".