Bloomberg News

Argentine Businessmen Ask to Ease Dollar Limits, Infobae Says

August 01, 2012

Argentina should relax restrictions on access to foreign currencies once the government completes a $2.2 billion bond payment on Aug. 3, said Ignacio de Mendiguren, head of the country’s biggest businessmen’s group, according to online news service Infobae.

De Mendiguren, speaking in a seminar, said that the measures are unnecessary, given the country’s current economic situation, the Buenos Aires-based news service said.

Over the past 10 months President Cristina Fernandez de Kirchner introduced restrictions on access to foreign currencies, including a ban on most purchases by individuals.

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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