Argentina launches new measures to stem peso depreciation

The Central Bank of Argentina
Javier Pierini

New measures implemented by the Central Bank of Argentina (BCRA) in an attempt to prevent further depreciation of the country’s exchange rate have been met with a mixed reception from economists.  

On June 18, Luis Caputo – in his first act as governor – raised capital requirements by 5% for commercial banks in an attempt to absorb 100 billion pesos ($3.6 billion) from the market.

The rise will occur in two increments: the first 3% on June 21 and a further 2% on July 18. Banks are currently

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: