Argentina unveils rules to encourage bank deposits

ARGENTINA - Argentina's central bank announced on Monday new rules meant to encourage people holding cash outside banks, for instance at home, to deposit it in the nation's beleaguered banking system.

The rules, released in a statement on Monday, specified that people who opened new accounts by depositing cash in banks would have free access to those accounts, which would not be subject to cash withdrawal limits introduced in December to halt a run on banks.

The government froze bank deposits and

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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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