Why can’t more than 50 dollars be withdrawn per transaction in Argentina?

In Argentina, the restriction on withdrawing more than $50 per transaction at ATMs is primarily due to the country’s economic instability and high inflation rates. These financial challenges lead to currency controls and cash shortages, forcing banks to limit cash withdrawals to ensure equitable distribution of available funds. This measure also aims to prevent the rapid depletion of foreign currency reserves. Additionally, anti-money laundering regulations may also play a role in restricting dollar transactions to maintain financial security and stability.