US EditionFinancial Service: a Single Graph to Understand Why Taking a Loan in Argentine Pesos Implies Becoming a Slave to the Banks
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The accumulated stock of loans granted by financial institutions to the agricultural sector reached a total of 4.1 trillion pesos as of June 30, of which 1.6 trillion dollars correspond to loans granted in pesos, while the remaining 2.5 trillion pesos (converted to exchange rate BCRA A 3500 pesos) were granted in foreign currency. This is shown by the latest available data from the Central Bank (BCRA) compiled by a report from the Rosario Stock …
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