Bloomberg News

Argentina Bans Dollar Purchases for Savings, Infobae Says

July 05, 2012

Argentina’s central bank will ban individuals from buying U.S. dollars for savings, news website Infobae reported, citing officials it didn’t identify by name.

The bank aims to force Argentines to save in local currency, the Buenos Aires-based website said.

The measure won’t prevent savers from having dollar saving accounts and certificates of deposits, Infobae said.

Central bank press officials didn’t return phone calls by Bloomberg seeking comment.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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