New exchange controls slapped on the peso by Argentina's central bank have failed to stem a slide in the currency's value to record lows.
Startled by the accelerating slump, the bank threw its reserves at the peso.
But with nearly one tenth of the reserves - totaling $1.2bn - spent to little avail, the Central Bank has now banned foreign exchange traders and banks from buying dollars from it at the market rate.
The new controls also limit the sale of dollars to $1,000 for each individual or $10,000 per company, while bureaux de change have had their opening hours slashed by half to just 3-1/2 hours a day.
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