US EditionFollowing Caputo's Criticisms, Milei Met with the President of the Banks Association
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The Minister of Economy expressed himself on social networks to explain the strategy implemented by the government for the decrease of the dollar and, by the way, criticize the banking institutions.The entry Caputo explained how they lowered the dollar and pointed against the banks was first published in #BorderPeriodismo.
On Wednesday morning, President Javier Milei received Javier Bolzico, head of the Association of Argentine Banks (ADEBA), in a meeting that took place without official part but with dissemination of images.The meeting takes place in the middle of a high volatility of the dollar and after the criticisms of the Minister of Economy, Luis Caputo, towards the behavior of the banking institutions.From ADEBA they pointed out that it was an appointment …
The Minister of Economy, Luis Caputo, indirectly pointed to the banks for the rise of the dollar, which this Tuesday touched the 1300 pesos in the retail market and explained the tools he used to reassure the markets. “LeFIs were supposed to exchange them for LECAPS. But the banks, fearful of losing daily liquidity, did not go with everything and preferred to make numerals,” Caputo said through social networks. The minister said that “to the top…
President Javier Milei received on Wednesday morning the president of the Association of Argentine Banks (ADEBA), Javier Bolzico, in the midst of the tension generated by the increase of the dollar and the declarations of the Minister of Economy, Luis Caputo, who accused the banks for the rise. The meeting took place in the Casa Rosada without transcending more details of the dialogue, although there was interest to spread the image that intends…
“The lefi were supposed to be exchanged by the banks for Lecaps. But the banks, fearful of losing their daily liquidity, did not go all the way and preferred to do numerals,” the minister explained through his X account. Last Tuesday the official dollar interrupted its bullish streak and retreated to $20, after having surpassed – for the first time – the $1,300. The brake corresponded to a strategy of the Central Bank (BCRA) that reactivated Pas…
Caputo pointed indirectly at the banks for the rise of the dollar by explaining the process by which there was a decline in interest.
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