Newly imposed liquidity measures aimed at containing a nascent peso sell-off have stoked tensions between President Javier Milei and the country’s banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat. Bankers argue that the new provisions, which require institutions to hit reserve requirements on a daily … Read more
Argentina’s government blames local banks, big industry, and the establishment for the third currency run of its administration. Milei sees it as a political attack on his economic plan. Heidentifies his scapegoats for the turbulent conditions affecting monetary markets at the end of the month. In addition to the well-known “Kukas” (which are relatively straightforward … Read more
Soaring interest rates on peso notes are putting banks under pressure as a liquidity crunch unfolds, driven by government actions to defend the local currency. The interest rates on Argentine peso notes are experiencing a significant increase, exerting pressure on banks in the context of a liquidity crunch that has arisen from government initiatives aimed … Read more