A leading presidential candidate in Argentina would lift currency controls, negotiate debt

FILE - In this Nov. 3, 2012 file photo, Buenos Aires' Mayor Mauricio Macri, right, and his wife Juliana Awada, watch a national league soccer match between Boca Juniors and San Lorenzo, in Buenos Aires, Argentina. Macri, the man who could be Argentina’s next president wants to put an end to tight government currency controls, make peace with the nation’s creditors and improve severely frayed ties to the United States. In short, the right-leaning Buenos Aires mayor is promising to undo much of what President Cristina Fernandez and her late husband Nestor Kirchner created over the past 13 years. (AP Photo/Victor R. Caivano, File) (The Associated Press)

In this April 10, 2015 photo, people are reflected in the store front window of an exchange house in Buenos Aires, Argentina. Presidential candidate Mauricio Macri says if he is elected in October, he would move quickly to restrictions on Argentines’ ability to trade pesos for U.S. dollars. But critics warn against doing too much, too fast. Lifting currency controls overnight could spark a bank run and unleash a financial “bloodbath,” according to former Central Bank President Aldo Pignanelli. (AP Photo/Natacha Pisarenko) (The Associated Press)

In this April 10, 2015 photo, thousands of Argentine pesos are seen in an illegal exchange house in Buenos Aires, Argentina. Many Argentines trade pesos for dollars on the black market because of high inflation and because the government restricts the sale of dollars from the banks. Leading presidential candidate Mauricio Macri has said that if elected he would lift restrictions on buying dollars. (AP Photo/Peter Prengaman) (The Associated Press)