Argentina Central Bank toughens the exchange clamp: purchases of no more than $200 per month

On Sunday midnight, soon after the elections, the Central Bank (BCRA) informed its decision to reduce the purchase of dollars from $10,000 to $200 per month for individuals with a bank account and to $ 100 per month for cash purchases. These limits are not cumulative, the BCRA said. The BCRA has $43.5 billion of gross reserves left. Last week, it lost nearly $3.4 billion and so far in October, $2.1 billion. In September, it lost $10.6 billion.

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Source: Ámbito Financiero