The CNV ordered investment funds to place 75% of their assets in pesos

In another attempt to restrict the demand for dollars in the stock market, the National Securities Commission (CNV) ruled this Tuesday that the Common Investment Funds in pesos must invest at least 75% of their assets in financial instruments and negotiable securities issued in Argentina exclusively in national currency. This Tuesday, the CCL “cash with liquidation” dollar, was close to 120 pesos.

Source: Ámbito