By
The decision, which lifts the foreign investment ceiling for the country's pension funds to 32 percent of their holdings from 30 percent, will permit an additional $750 million to be invested overseas.
The funds manage some $30 billion in assets. The monetary authority last raised the ceiling, from 28 to 30 percent, in September 2010.
The central bank bought a record $15 billion last year as the sol currency gained 5.7 percent and has raised reserve requirements on banks several times to temper the sol's advances. It is near a 16-year-high of 2.55 per US dollar.