Limits on foreign currency exchange have led to the development of an underground market for dollars – such is the economic climate in Argentina today. Six months after tightening currency controls, it is not uncommon to find such ‘cash vendors’ in metropolitan areas like Buenos Aires, the capital, and, though illegal, it often is an […]
Read MoreArgentina’s move to seize control of national oil giant YPF (Yacimientos Petroliferos Fiscales) has cheered domestic supporters of embattled Peronist President Cristina Fernández de Kirchner, but the move has angered Argentina’s trans-Atlantic friends in Spain. What began as a business issue has now become a full-blown diplomatic incident. The proposed nationalization of YPF follows Kirchner’s previous […]
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