ANALYSIS: SHOCK THERAPY Betting on Milei, investors choose longer duration Today 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.
ECONOMY & POLITICS Argentines rush to deposit cash savings as part of Milei policy 09-09-2024 15:08 Dollar deposits have surged 40 percent to US$19.8 billion since he took office December 10, marking the highest levels since late 2019, according to Central Bank data.
ECONOMIC INDICATORS Argentines put US$2.3 billion into banks, signalling faith in Milei 06-03-2024 11:37 If the trend continues, it would be good news for Argentina’s Central Bank, where a portion of savers’ dollar deposits count toward the foreign reserves needed to stabilise the peso.
Election 2023 Argentina’s banks load up on liquidity before weekend’s election 15-11-2023 13:02 Local banks load up on the most liquid assets to ensure they could accommodate a potential surge in peso withdrawals ahead of run-off vote.