RIO DE JANEIRO, BRAZIL - Companies that participate in Argentina’s natural gas production plan will have free access to the official foreign exchange market, the central bank said on Thursday, opening a loophole in tight capital controls that have been place for more than a year.
Companies that participate in the South American country’s so-called “Gas Plan” will be permitted to tap the exchange market for the repatriation of investments, income and for the maturities of debt for investments made as of November 16th, the bank said in a statement.
“The Board of Directors of the Central Bank . . .
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