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The National Bank Launched a New Fixed Term Uva, with a Monthly Return that Beats Inflation
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The instrument was promoted by Minister Federico Sturzenegger. Thus, the government seeks to offer an attractive instrument in pesos against the recent drop in rates.
·Argentina
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Federico Sturzenegger presented it and is from Banco Nación. He promises monthly profitability that can reach up to 4.75% per year. With the aim of promoting savings in pesos and against negative real rates, the Banco Nación decided to update its fixed term UVA and reverse it so that it can offer monthly returns. This new variant offers an annual rate of up to 4.75% above the indexation that accumulates by inflation in the period that the deposi…
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