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Argentina Steps Up Fight Against Black-Market Dollar Trade

Argentina, which faces an acute hard currency shortage, sought to toughen international trade controls on Monday by creating a new agency to keep track of imports and exports and said it would keep tightening currency restrictions. Financial authorities in the South American country are waging a crackdown on black-market dollar trading and capital flight mechanisms after a sharp slump in the peso and a drain on foreign currency reserves this year. “It was agreed to sustain and deepen...

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