Argentina Tightens Capital Controls to Shield Foreign Reserves Amid Peso Pressures

Argentina has introduced new restrictions on currency trades as it battles a surge in demand for moving dollars out of the country. The Central Bank announced late Thursday that it would enforce a fresh restriction on the widely used 'blue-chip swap' exchange mechanism. Meanwhile, deadlines for FX settlements using the official rate were eased, offering some breathing room for exporters. These adjustments come as the peso faces mounting pressure, with an increased reliance on parallel exchange r