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The Argentine banking sector is currently dominated by state-owned banks, with the largest being the Banco de la Nación Argentina. In 2005, for the first time since the 2001 collapse, the banking system made a profit, according to a Central Bank report released in February 2006. The total profits amounted to 1,958 million pesos (more than $650 ...
The Central Bank of the Argentine Republic (Spanish: Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity.. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability ...
A congressional committee started investigations in 2001 over accusations that Central Bank Governor Pedro Pou, a prominent advocate of dollarization, and members of the board of directors had overlooked money laundering within Argentina's financial system. Clearstream was accused of being instrumental in this process.
1 year bond. The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors. As a result, the presidency of Mauricio ...
The largest bank in Argentina by far, however, has long been the public Banco de la Nación Argentina. Not to be confused with the Central Bank, this institution now accounts for 30% of total deposits and a fifth of its loan portfolio. During the 1990s, Argentina's financial system was consolidated and strengthened.
Banco de la Nación Argentina (BNA; English: Bank of the Argentine Nation) is a large bank in Argentina, and the largest in the country's banking sector. History [ edit ] The Bank of the Argentine Nation was founded on 18 October 1891 by President Carlos Pellegrini , with the purpose of stabilizing the nation's finances following the Panic of ...
Corralito ( Spanish pronunciation: [koraˈlito]) is the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time US$1 = 1 ARS). Electronic transfers and credit and debit card ...
Source. Central Bank of the Argentine Republic '. The peso (established as the peso convertible) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos, but due to rapid inflation, coins with a ...
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