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'Blog Archive ? Argentina Bank Dollar Deposits Fell $645M After Forex Controls Im' expats


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Blog Archive ? Argentina Bank Dollar Deposits Fell $645M After Forex Controls Im

-- expats
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11/14/11 08:47
Gold Mine

Blog Archive ? Argentina Bank Dollar Deposits Fell $645M After Forex Controls Im

Thank author of this post/comment12-Nov (Dow Jones) - Argentines withdrew $645 million in U.S. dollar-denominated deposits from private sector banks in the first week after the government made it harder for individuals and companies to buy dollars. The numbers, published by the Central Bank of Argentina late Friday, seem to confirm that the new currency controls have made Argentines nervous and led many to do what they typically do during times of crisis–buy dollars or withdraw them from the banking system.

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• banking • money laundering • banking system • currency controls • new currency • private sector • us dollar •
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