Market Report, "Debit Cards in Argentina", Published
On 3 April 2012, the Central Bank of Argentina established restrictions on the use of debit cards with ATM function abroad through announcement A 5294 del BCRA. Cash withdrawals from ATMs outside Argentina are only possible if the person holds a USD account in Argentina. Despite this restriction, people are able to use debit cards abroad to purchase products and services if they have a pesos account in Argentina. Although the Central Bank resolution only concerned cash withdrawals from ATMs,...
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