Dollar savers have become the main support of the reserves
Dollar savers are now the primary support for Argentina's international reserves, surpassing the Chinese swap agreement, driven by a recent record in dollar deposits following a significant bond repayment.
Dollar deposits reach a record since Convertibility, but banks say that savings 'under the mattress' have not yet arrived
Dollar deposits in Argentina have hit a historic high of over $39 billion, but banks indicate that savings held outside the banking system have yet to be brought in.
Supervielle is the first private bank to enable dollar deposits under the Tax Innocence Law and boosts its offerings with yields
Supervielle becomes the first private bank in Argentina to facilitate dollar deposits under the newly enacted Tax Innocence Law, enhancing its investment options with competitive yields.
It is official: dollars will be deposited into the bank accounts of all people who meet this condition
New regulations following the Social Security Equity Law could lead to dollar deposits for affected citizens in the U.S.
One in four dollar deposits are in fixed terms and the government wants to deepen this trend
One in four dollar deposits in Argentina are being made in fixed terms, and the government is actively encouraging this trend as it anticipates increases in fixed-term rates from banks.
The Money Supply Increased by 23 Trillion Won in a Month... Companies and Households Increase Dollar Deposits
The money supply in South Korea rose by 23 trillion won in December, primarily due to an increase in dollar deposits by households and companies.
Mattress dollars: ARCA exempts interest from taxes on dollar deposits
Argentina's tax agency ARCA has declared that interest earned on foreign currency deposits will not be subject to income tax withholdings.
Another carrot to get dollars out of the mattress: the interest generated will not pay taxes
A new regulation in Argentina exempts interest on foreign currency deposits from income tax, encouraging citizens to formalize their dollar holdings.