Argentina Restricts Inflows

Argentina will require international investors to make a one-year, no-interest deposit amounting to 30 percent of any local capital market investment. The government is trying to discourage speculators from investing in the country after the restructuring of about $104 billion in bonds. An increased inflow of money from abroad caused the central bank to more than triple its purchases of dollars in May to an average $74 million a day from $23 million the previous month.