LatinNews Daily Report - 07 August 2012

ECONOMY | Argentina announces new FX restrictions. On 6 August the Argentine tax agency (Afip) issued a new resolution (3356) in relation to foreign currency exchange controls, which stipulates that Argentines travelling abroad will only be able to purchase the “currency of legal tender or of daily use of the destination country”, thus further limiting local access to US dollars. Furthermore, those purchasing FX to travel overseas will have to show proof of destination by presenting either (air, bus, train, cruise) tickets or a certificate issued by the travel agency used to organise the trip.