Argentina Suspends Dollar Reserve Requirements, Cronista Says
By Eliana Raszewski -
2012-06-08T11:39:28Z
Argentina’s central bank eliminated for two months the minimum reserve requirement on dollar deposits in a bid to help them face dollar withdrawals, newspaper El Cronista reported.
The measure, which lasts from June 1 to July 31, was made necessary by an acceleration of withdrawals from dollar accounts after the government tightened controls on the foreign exchange market, the Buenos Aires-based newspaper said.
To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net
To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net
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