#currency controls

Argentina Announces New Round Of Currency Controls Amid Economic Crisis

Argentina has announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis.

The new measure requires anyone purchasing foreign currency to present a sworn oath promising to wait at least five days before using it to purchase bonds.

The old regulation allowed a buyer to use the foreign currency to purchase a bond and then immediately sell it at a more…

Back to the Future in Iceland

Image source: mbl.is/Golli Már Guðmunds­son, Central Bank of Iceland Governor, Bjarni Bene­dikts­son, Prime Minister of Iceland and Bene­dikt Jó­hann­es­son, Finance Minister of Iceland.  The Governor of the Central Bank of Iceland had a press conference today (Sunday, March 12, 2017) where he announced the New Rules on Foreign Exchange. According to the Central Bank of Iceland’s website: With…

More Food and Currency Controls Lay Ahead in Venezuela, Experts Say

TODAY VENEZUELA – There look to be no major economic changes in Venezuela to worsen the country’s situation, several analysts have said, but there won’t be much improvement either, as food and currency controls persist.

The new ministers of the country’s economic cabinet said there will be more radicalization of the control mechanisms imposed on distribution of basic goods and currency.

“With…

More Food and Currency Controls Lay Ahead in Venezuela, Experts Say

TODAY VENEZUELA – There look to be no major economic changes in Venezuela to worsen the country’s situation, several analysts have said, but there won’t be much improvement either, as food and currency controls persist.

The new ministers of the country’s economic cabinet said there will be more radicalization of the control mechanisms imposed on distribution of basic goods and currency.

“With…

The Trouble with Cash? There’s Not Enough Of It

Cash: Not Enough to Go Around [courtesy Google Images]

Phoenix Capital Research recently published an article entitled “Physical Cash Poses a HUGE Problem For Central Banks”.  According to that article,

“More and more institutions are trying to make it harder for you to move your money into cash.”

That’s not precisely true. Generally speaking, we don’t have any “money” (gold or silver) in…

The Trouble with Cash? There’s Not Enough Of It

Cash: Not Enough to Go Around [courtesy Google Images]Phoenix Capital Research recently published an article entitled “Physical Cash Poses a HUGE Problem For Central Banks”.  According to that article, “More and more institutions are trying to make it harder for you to move your money into cash.” That’s not precisely true. Generally speaking, we don’t have any “money” (gold or silver) in…