Looking at this a bit more - the time periods are being 'modified' not imposed-they are actually easing the current time restrictions- and the transaction size limit of 50K is per bank account (down from 100K; and the affect parties undoubtedly have 100s of accounts) - So this is almost meaningless and not really creating any difficulty on the affected parties. -My guess is this is show theater to give the impression that the government is clamping down. Perception intended to affect public psychology so that folks don't run to dump their pesos. No actual restrictions as far as I can tell.My quick, hot take here, jBlaze: From reading some of the materials, this won't directly affect Western Union transfers. These restrictions won't apply to any transactions outside the jurisdiction controlled by Argentina. WU transfers officially take place in one of the caribbean islands.
Simply put: I presume WU transfers will continue.
The waiting period and transaction size limits they are imposing, in my view, are an attempt to smooth out spikes in the exchange rate. In the run up to elections, you could see news come out that could fuel currency speculation leading to dramatic swings in the peso. The policies being enacted within Argentina's jurisdiction could have an affect on dampening speculative plays on the currency.