Argentina imposed stricter capital controls to protect its foreign-currency reserves a day after voters returned the leftist Peronists to power
BUENOS AIRES—Argentina’s government imposed stricter capital controls to protect its foreign-currency reserves a day after voters returned the leftist Peronist movement to power in a defeat for pro-business President Mauricio Macri.
Central Bank President Guido Sandleris said Monday that the measure was necessary to staunch a depletion of reserves that accelerated last week amid a crisis of confidence that has led to financial-market volatility.
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