Despite tension in the FX market, deposits continued to grow: 2.8% in March

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Despite tension in the FX market, deposits continued to grow: 2.8% in March

First week
April 2012

Despite the calm in the regulated official FX market, there is still tension over the exchange rate, which has been aggravated by the modifications in the Central Bank charter, and by over fears of the government’s advance on YPF.

 

The official exchange rate only rose one cent last week, to AR$ 4.41 for retail sales; the parallel dollar, meanwhile, stands at AR$ 4.91 and the blue-chip is at AR$ 5.40.