"Credit Cards in Argentina" Published
Due to the prohibition of foreign exchange acquisition by individuals imposed in late 2012 after foreign exchange reserves at the Central Bank started to contract sharply, a black market emerged with an increasing volume of transactions and a rate with a spread over the official rate currently at 80%. Credit card spending abroad and via the internet was boosted as expenses were liquidated at the official rate. However, in mid-2012, through Resolution 3378, AFIP (Federal Public Income...)
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