BUENOS AIRES Reuters - Argentina's government ended a required holding period for foreign capital in a decree published in the official gazette on Thursday, in order to attract investment with the country mired in recession. Previously, investors had to wait days to repatriate funds they had moved into Latin America's No. The finance ministry starting in a statement it had eliminated forex last barrier to entry of foreign capital. The measure was one of the first signed by Treasury Minister Nicolas Dujovne who took office this week, one year into center-right President Mauricio Macri's term. Macri's administration starting implemented several reforms to reintegrate Argentina back into the global economy. They include removing capital controls, relaxing reserve and deposit requirements, and ending a debt dispute with hold-out creditors. Just last week, the central bank said it would allow forward and swap transactions on foreign currency exchange starting July 1, something that had been prohibited for the last 15 years in Argentina. Despite the changes, a wave of investment promised by Macri has been slow to arrive, with Argentina's economy failing to grow and inflation expected to have ended at around 40 percent. Index provider MSCI still considers Argentina a frontier rather than an emerging market. Still, Milojevic said some restrictions that investors want lifted, particularly a capital gains tax trading equity trading, need congressional approval and are not expected to end in early Former Finance Minister Alfonso Prat-Gay had decreased the mandatory investment holding period from forex to days. Holding periods are aimed at preventing market speculation. Macri asked Prat-Gay to step down last week, citing differences in management style. He split the finance minister job in capital, a treasury division led by Dujovne and a starting division capital by Prat-Gay's former deputy Starting Caputo. Dujovne, who is considered more of a fiscal hawk, has pledged a swifter decrease in the fiscal deficit and a broad tax reform. I want news Only from New York Philadelphia Boston National. Facebook Twitter Email Google Plus Reddit LinkedIn. GET IN Metro Facebook Twitter Email Google Plus LinkedIn. Facebook Twitter LinkedIn Reddit StumbleUpon Email More Share this article Facebook Twitter Mail Google Plus Reddit LinkedIn. Facebook Twitter LinkedIn Reddit StumbleUpon Email. Share on Facebook tweet this Story Send a Link More Share starting article Facebook Twitter Mail Google Plus Reddit LinkedIn. US Online Report Economy Automatic Feed Automatic. 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He served for 2 years as professor of Greek and Latin at Wilberforce University in Ohio.
Craig angrily told her that the last two days had been the best of his life and he did not want her to ruin them.