October 28, 2019 / 12:05 PM / a month ago

Argentine cenbank will do all possible to protect reserves - Sandleris

BUENOS AIRES, Oct 28 (Reuters) - Argentina central bank president Guido Sandleris pledged to do all possible to protect the bank’s international reserves as the South American country transitions to a new leftist government amid swirling economic crisis.

Sandleris said the central bank will hold meetings with the team of President-elect Alberto Fernandez, who defeated incumbent Mauricio Macri in Sunday’s presidential election, in order to help with a smooth transition.

In the early hours of Monday, the central bank announced it would tighten a restriction on dollar purchasing to $200 a month for individuals, down from $10,000 a month, until December, when the new government will be in place.

Reporting by Jorge Otaola and Walter Bianchi; writing by Cassandra Garrison

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