Following the easing of currency controls, corporate dividend remittances abroad skyrocketed: USD 3.4 billion this year
World1 source1 country🔦 Under-reported30m ago
Following the relaxation of currency controls (el cepo), corporate dividend remittances abroad reached USD 3.400 billion so far this year, according to reports from Buenos Aires. This development provides relief for Central Bank (BCRA) President Santiago Bausili.
Concurrently, Argentina's energy sector exhibited strong performance, with fuel and energy exports nearly doubling compared to the previous year. July exports surged 97.8% year-on-year to reach USD 1.506 billion, while overall petroleum exports jumped 144% in July, pushing the accumulated energy surplus for the year to USD 6.853 billion.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Infobae (Buenos Aires, Argentina) (AR) - EnergyFocuses on the massive surge in July petroleum exports and accumulated energy surplus.
Infobae (Buenos Aires, Argentina) (AR) - DividendsHighlights the $3.4 billion in corporate dividend remittances and relief for BCRA.
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