September 12, 2019 / 1:17 PM / a month ago

Argentine peso steady after further currency control measures announced

BUENOS AIRES, Sept 12 (Reuters) - Argentina’s peso currency opened steady on Thursday morning at 56.2 per U.S. dollar after the country announced further control measures to protect the embattled currency.

Argentina’s central bank late on Wednesday announced measures requiring anyone buying foreign currency to present a sworn oath promising to wait at least five days before using it to purchase bonds, closing a loophole that had allowed people to turn a quick profit.

Argentina authorized currency controls earlier this month after a sharp plunge in the peso, an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner. (Reporting by Adam Jourdan and Walter Bianchi; Editing by Andrew Heavens)

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