FTSE Russell could strip Argentina stocks of frontier market status

Argentina will be dropped from the FTSE Russell’s frontier market index from September unless it eases capital controls, the index provider said on Wednesday during its interim review of global equity markets. Faced with an economic and debt crisis and a steep drop in the peso currency, Argentina imposed capital controls last year, with the Central Bank later opting to keep them in place to help the country manage its financial crisis.

Source: Nasdaq