UPDATE 9-Argentina curbs banks' access to pesos amid growing market turmoil [Reuters (UK)]
Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV)
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm
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Source: Reuters
Argentina curbs banks' access to pesos amid growing market turmoil - Reuters 6 Min Read BUENOS AIRES (Reuters) - Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said was designed to “avoid any lack of money” and safeguard the liquidity of the country’s financial system. Some private economists said the policy, which could limit the availability of hard peso currency to financial institutions, looked like a return to capital controls in Latin America’s third-largest economy. The central bank has burned through nearly $1 billion in reserves since Wednesday alone, in an effort to prop up the rickety peso. “Financial entities must get prior authorization from the central bank to distribute their earnings,” the central bank said in a statement. In a follow-up statement, the bank said the measure was aimed at ensuring the liquidity of the financial system, so that depositors can with
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