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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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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