Argentina tightens dollar exchange controls

[The Northerner]

People wanting to exchange Argentine pesos for dollars must now explain where they got the money, and show they have paid their taxes.

Currency trading in Buenos Aires on Monday was much reduced as a result.

Many Argentines buy dollars to protect their wealth from inflation - thought to be higher than officially stated.

People buying dollars now have to give their national identity and tax number, which must then be approved by the national tax agency (AFIP) before the transaction can go ahead.

Read more: http://www.bbc.co.uk/news/world-latin-america-15532101