Argentina’s central bank has
temporarily suspended a change to part of its charter that would
require banks to hold reserves at the central bank, Ambito
Argentine banks can maintain the amount of savings needed
to meet their reserve requirements in their own accounts as
previously allowed, the Buenos Aires-based newspaper reported,
citing a statement from the central bank.
The move will help sustain liquidity in the banking system
and keep interest rates lower, Ambito Financiero reported.
To contact the reporter on this story:
Bill Faries in Buenos Aires at
To contact the editor responsible for this story:
Joshua Goodman at
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