(Bloomberg) -- Argentine President Cristina Fernandez de Kirchner will announce plans later this month to ease capital controls, newspaper Ambito Financiero reported, without saying where it obtained the information. The government plans to remove a requirement, dating to 2005, that investors bringing money into the country must deposit 30 percent of the funds with the central bank for a year, the newspaper said. Instead, investors will be required to keep their money in Argentina for at least a year, Ambito said.
A message left at the Economy Ministry press office by Bloomberg News wasn’t immediately returned.
To contact the reporter on this story: Drew Benson in Buenos Aires at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Source: http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ajsy5xohdG3U
