Argentina raises deposit insurance ceiling: reports


Argentina has raised its deposit insurance cap as the central bank continues to introduce measures to adjust to the effects of rising inflation in the country.

The Wall Street Journal, a financial newspaper, on Tuesday reported that the Central Bank of Argentina had quadrupled the guaranteed insurance on bank deposits in the country to Ps120,000 ($30,000) from Ps30,000, placing the new limit closer to regional neighbours Uruguay, which imposes a $29,040 cap, and Brazil, where the cap is $35,531.

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