Overview

• The new rule requires a 90-day gap between buying dollars at the official rate and selling in financial or open markets.
• Participants must effectively choose one channel, limiting rapid round-trip trades that exploit price gaps between the two markets.
• Officials state the measure is not meant to block dollar saving but to preserve foreign currency for trade and capital uses.
• Coverage notes the policy revives cross-restrictions and, according to O Antagonista, extends them to individuals who must declare they will not access financial dollar markets.
• Markets moved after the announcement, with the peso slipping about 0.75% against the dollar and the S&P Merval up roughly 0.39%.