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This was back in 2024, when Argentina used to have severe restrictions on foreign exchange in an effort to (artificially) prop up the value of the Peso. This ma
by Reason077 19d ago
This was back in 2024, when Argentina used to have severe restrictions on foreign exchange in an effort to (artificially) prop up the value of the Peso. This made it difficult for Argentine companies to purchase the foreign currency needed to import things like 5G equipment, hence this weird beef-for-telecoms equipment deal.
Argentina liberalised its Foreign exchange market in April 2025 so I'd imagine this sort of thing is no longer happening.