Argentinian central bank raises large banks’ reserve requirements

The Central Bank of Argentina
Photo: Javier Pierini

The Central Bank of Argentina (BCRA) tightened the reserves requirements of the country’s largest banks on August 16, and confirmed it is in talks with China over a multi-billion dollar swap deal.

The central bank also continued to sell large amounts of its dollar reserves as the country’s currency came under continued pressure, while year-on-year inflation continued to rise.

The central bank increased the minimum rate of peso deposits that large banks must keep in reserve by three percentage

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