Argentine deposits up $257 mln to $75.09 bln

ARGENTINA - Total deposits in Argentina's banking system rose $257 million to $75.09 billion on 29 August, according to preliminary data released by the central bank.

The government and investors are hoping an International Monetary Fund accord announced 22 August, which gives Argentina access to $8 billion in fresh funds, will reassure Argentines and stop heavy outflows from the banking system that began in July.