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Argentine capital controls could loosen soon

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A gradual elimination of capital controls is necessary to stimulate investment in the Argentine economy, Daniel Scioli, candidate for the ruling party FPV and most likely next Argentine president, told El Cronista in an interview yesterday.

Asked on the future of Argentina’s current exchange rate regime, Scioli said: ‘The different exchange rates will be unified gradually, as a result of more currencies, more investment, more agreements with other countries such as China and Brazil, which will allow us to increase our reserves’

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