Central Bank: Argentina may 'normalize' currency in 2015

Source: Reuters
By: Walter Bianchi

12.19.2014

Argentina's central bank chief, Alejandro Vanoli, said on Friday that the government would look to begin gradually "normalizing" its currency exchange market in 2015.

Vanoli did not elaborate on what he meant. But his comments could be interpreted as a signal that the government is considering easing controls that were first imposed three years ago to stem a hemorrhaging of hard currency and the depletion of Argentina's foreign reserves.

"The idea is to not levy any further restrictions and to move toward normalizing the currency market, depending on how the economy is looking," Vanoli told local radio station Radio America.

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