Argentine stocks up 6.45pc after currency controls imposed

Shoaib Ur Rehman September 3, 2019

BUENOS AIRES: Argentine stocks closed up 6.45 percent Monday after President Mauricio Macri’s center-right government imposed currency controls at the weekend to stabilize a deepening financial crisis.

The currency controls were imposed in part to bolster the peso, which also closed 5.38 percent higher to trade at 58.41 to the dollar.

Copyright AFP (Agence France-Press), 2019

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