IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 May 2012 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 6 May 2012, the Federal Administration of Public Investments announced that Argentinian citizens would no longer be allowed to buy dollars to travel abroad. As specified in the Official Gazette, individuals traveling abroad are now only allowed to buy the currency in circulation in the country of destination. This means that citizens can no longer acquire US dollars unless they travel directly to the US.
 
This measure is in line with other restrictions implemented by the Argentinian government to reduce capital outflow and ease the downward pressure on the peso in the currency exchange market. This measure is included in the GTA database for the following reason: as much international trade is conducted in US dollars and where suppliers demand payment in US dollars, then this measure restricts access to the very currency that persons located in Argentina need to import goods.

AFFECTED COUNTRIES

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