In Argentina, the President of the Buenos Aires Stock Exchange (BCBA), Adelmo Gabbi, said that the dollar’s free trade is making progress. This was reported by iProfesional on July 16.
In this media, Gabbi referred to the controls the National Securities Commission (CNV) is introducing to the Argentine market after the mutual funds have been forced to value their external assets at the official dollar’s price, not the parallel quote.
The President of the Buenos Aires Stock Exchange said: “There is an advancement in the freedom of listing that I do not like, it is undeniableOn the other hand, the iProfesional article made it clear that although his term officially ended on April 30, Gabbi remains the visible face of the institution until the meeting can meet to elect a new leadership.
According to the article, Gabbi expects the Argentine government to begin unlocking the number of restrictions on the market once the debt swap is complete.
On the other hand, Claudio Zuchovicki, manager for capital market development on the Buenos Aires stock exchange, was also quoted.OverregulationAccording to Zuchovicki, this does not allow a free play of supply and demand: “The CNV says it does this to encourage investment in the local market, which is understandable. But the reality is that it prohibits others from doing something that is not good . “
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