Moving Dollars Out Of Argentina Through Stock Exchange Declared Legal

Patrick Archer buenos aires events, competitiveness, foreign investment, real estate

Argentine banks and brokerages have been given a legal green light to move their clients’ funds out of Argentina using the stock exchange, a practice known locally as contado con liqui. The arbitrage operation peaked in popularity in 2008 before plummeting in 2009 as more and more companies were scrambling to get dollars out of the country. Many observers questioned the legality …

Buenos Aires New Construction Activity Plummets 85%

Patrick Archer aruba, ba government, buenos aires events, real estate

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

“Contado Con Liqui” An Argentina Investor’s New Best Friend

Patrick Archer aruba, competitiveness, foreign investment, real estate

Over the past eleven months, we’ve chronicled Argentina’s currency restrictions and the crippling spillover effect on real estate activity, primarily in the existing property market. Just as Uruguay hotels and tour operators are being equal parts creative and proactive in crafting programs to circumvent the cepo cambiario, so too are Argentina money managers, multinationals and currency exchanges. “Contado con Liquidacion Inverso,” …