Economic Calendar

Wednesday, July 30, 2008

Argentina Suspends Capital Controls for Residents for 30 Days

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By Drew Benson

July 30 (Bloomberg) -- Argentina announced a 30-day suspension of capital controls for residents, citing delays in cereal exporter dollar inflows, according to a resolution in today's official gazette.

The government put the capital controls in place in June 2005 in a bid to discourage speculative investment.

To contact the reporter on this story: Drew Benson in Buenos Aires Abenson9@bloomberg.net


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