The Central Bank of the Argentine Republic (BCRA) increased by 3 percentage points the reserve requirements for all deposits in pesos, both demand and time deposits for financial institutions included in “Group A”.
In this way, considering that each minimum cash requirement point in pesos represents approximately $20,000 million, the measure will generate a liquidity absorption of $60,000 million. In the BCRA’s opinion, firmer control of liquidity in the money market is essential to reinforce the entity’s anti-inflationary commitment.
The decision, implemented through Communication A 6550, comes into force as of today and will not alter the existing exceptions and exemptions. It will also not affect those accounts and deposits denominated in Adjustable Value Units (UVAs) or in foreign currency and will be integrated only in pesos.
