Exchange control: banks can work until 17 hours in September

he Emergency and Relief Decree No. 596 of August 28, which has only been communicated today and published extraordinarily in the Official Bulletin, the government explained that "Given the various factors that have influenced the evolution of the Argentinian economy and the uncertainty generated in the financial markets, the national executive has had to adopt a series of extraordinary measures to ensure normal operation. of the economy, while maintaining business and employment and protecting consumers"

These measures aim to "strengthen the normal functioning of the economy, contribute to a cautious administration of the foreign exchange market, reduce the instability of financial variables and contain the impact of fluctuations in financial flows on the economy". 39, real economy, "added the DNU.

The last time bank hours were extended, it was during the 2001 crisis. At that time, entities had been allowed to work outside the 16 hours for the opening of savings banks under the "corralito" which prevented the extraction of more than 250 convertible pesos in dollars per week.