Argentina launches new measures to stem peso depreciation
Analysts concerned new central bank tools to control peso are not enough
New measures implemented by the Central Bank of Argentina (BCRA) in an attempt to prevent further depreciation of the country’s exchange rate have been met with a mixed reception from economists.
On June 18, Luis Caputo – in his first act as governor – raised capital requirements by 5% for commercial banks in an attempt to absorb 100 billion pesos ($3.6 billion) from the market.
The rise will occur in two increments: the first 3% on June 21 and a further 2% on July 18. Banks are currently
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