RIO DE JANEIRO, BRAZIL - The measure banning credit card use for foreign travel sparked criticism not only in Argentina, but also in Paraguay and in other countries of the region, mainly since Argentina's decision could violate MERCOSUR terms.
The measure, announced on Thursday 25, was published on the Argentine Central Bank's website.
"The decision, taken as the southern hemisphere summer vacation period nears, comes in addition to the restrictions on dollar purchases, at a time when Buenos Aires is seeking to renegotiate its US$44 billion debt with the International Monetary Fund to extend payment terms and avert . . .