Argentines flow cash back into banking system

ARGENTINA - Argentine depositors are returning money to the financial system, reassured by the recent decision of the International Monetary Fund to lend the country a further US$8-billion.

The country's economic team had been forced to turn to the IMF for extra help after a steady decline in deposits raised fears of a bank run. Starting at the beginning of July, private-sector bank deposits fell by more than 10% in six weeks as crisis-wary Argentines withdrew their savings.

Since mid-August

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