BUENOS AIRES, Jan 5 (Reuters) - Argentina’s government did away with a required holding period for foreign capital in a decree published in the official gazette on Thursday, a measure aimed at attracting investment with the country mired in recession.
Previously, investors had to wait 120 days to access funds they had moved into Latin America’s No. 3 economy.
The measure was one of the first adopted by Treasury Minister Nicolas Dujovne, who took office this week a year into center-right President Mauricio Macri’s term.
Former Finance Minister Alfonso Prat-Gay had decreased the mandatory holding period from 365 days but not eliminated it. (Reporting by Hernán Nessi; Writing by Caroline Stauffer; Editing by Chizu Nomiyama)