BUENOS AIRES (Dow Jones)–Capital flight in Argentina eased in the fourth quarter to $3.26 billion as foreign-exchange controls made it more difficult for businesses and individuals to pull money out of the country, according to the central bank.
Even so, capital flight hit $21.5 billion last year, nearly double the amount in 2010 and only slightly lower than the $23.1 billion observed in 2008 when the global financial crisis and a nationwide farmers strike spooked investors, the central bank said in its quarterly foreign-exchange report Thursday.
However, the amount of capital flight–which the central bank defines as the formation of …
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