American Airlines will no longer accept Argentine pesos, the airline announced earlier this week.

As CNN reports, the airline company says that the current currency controls over Argentine money make it too difficult for them to convert the currency, known as the peso, into U.S. dollars. AAL has not, despite their move, reduced their flights to Argentina.

The currency controls enacted by exiting President Cristina Fernandez de Kirchner have made it hard for foreign businesses operating in the South American country to send their profits back home.

Pablo Singerman, the CEO of the Buenos Aires-based economic think tank Singerman y Makon, said that AAL's decision to stop accepting Argentine money is a bold one. "American Airlines' action is very strong," he said.

Argentina’s newly elected leader, Mauricio Macri, has promised to make changes to his country’s economic policies. One of the first things he plans on doing is putting an end to the trade controls that have been placed over the currency.

AAL seems to acknowledge that Macri’s pro market promises will make it easier for business practices to occur in Argentina. "We look forward to working with the central bank and the new government on this matter," they said.

As reported in Financial Times, AAL has made it clear that they still want to do business in Argentina. "Travelers can still buy tickets with U.S. dollars and foreign credit cards/currency," said an AAL spokesman.

At the moment, the airline company operates around 27 flights per week from Buenos Aires to the United States.

Economically Argentina in facing similar problems as the socialist nation of Venezuela, which has four official exchange rates and has placed restrictions on how much money U.S.-based companies can send home.

Any economic similarities to Venezuela is something that the right-leaning Macri definitely wants to end.

As reported in Bloomberg, Macri has found great fault with Venezuela's current government. "It's clear that what's happening in Venezuela has nothing to do with the democratic commitments that we have pledged to keep in Argentina," he said.

Macri has not only promised to make it easier for foreign companies to do business in Argentina, but he has said he will make an effort to improve foreign relations with the Unites States as well.