Argentines protest against currency controls

Anger as government buys up US dollars and tells people to start saving in country's peso currency.

    Argentina's government has placed a virtual ban on purchases of foreign currency and is trying to buy every US dollar available as it bids to increase central bank reserves and repay government debt.

    President Christina Kirchner wants Argentinians to start saving in the country's peso currency. 

    Those measures have forced thousands to the streets to protest against what they call the government's authoritarian ways. 

    The country has one of the highest inflation rates in the world and many Argentinians would gladly trade their pesos for the more stable US dollar. 

    This has led to the creation of a black market where it is possible for thousands to buy and sell dollars, escaping the government's control.

    Al Jazeera's Teresa Bo reports from Buenos Aires.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Assassinating Kim Jong-un could go so wrong

    Assassinating Kim Jong-un could go so wrong

    The many ways in which the assassination of the North Korean leader could lead to a total disaster.

    Lebanon has a racism problem

    Lebanon has a racism problem

    The problem of racism in Lebanon goes beyond xenophobic attitudes towards Syrian and Palestinian refugees.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.