What do yachts, whiskey, waffles, hammers and bull semen have in common?
They all made a list of items that now need approval from bureaucrats in Buenos Aires each time a company wants to import them. The restrictions, unveiled Thursday, form part of the government’s frantic attempt to stabilize the currency and curb inflation that has soared over 70%.
When asked how the list was put together, a government spokesman said officials had detected an outsized increase in the importation of these 31 items, which he labeled non-essential. That surge has helped fuel a spike in the country’s overall import bill and drained much-needed dollars from central bank coffers.
The restrictions take effect immediately.