Argentina installed foreign exchange controls in 2011, at the beginning of the second presidency of Cristina Fernández de Kirchner.
The Tax and Customs Authority, AFIP, required that individuals and businesses who sought to buy dollars request permission, which may depend of the financial status of the buyer.
[2] In June 2012, AFIP forbade the purchase of dollars, except for a limited number of activities.
[3] Mauricio Macri, who opposed the Kirchners, promised in the 2015 presidential campaign that he would cancel the restrictions immediately, as part of the reforms to promote economic growth.
After the October general election, the government limited the purchase of US dollars to 200 per month per individual.