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Dollar deposits accelerated again and grew by about US$1 billion in July
AR📈 EconomyCenter4 hr. ago

Dollar deposits accelerated again and grew by about US$1 billion in July

The article reports that private dollar deposits in Argentina increased by US$940 million in July compared to June, reaching a total of US$35 billion for the year. This growth follows a pattern seen in December and January, with a 2.5% increase. The rise is attributed primarily to the additional income from bonuses, which many wage earners used to dollarize their savings. Officials note that while there has been a surge in demand for home banking, especially after the recent 5% appreciation of the official dollar, the sustained influx of 'hidden dollars' remains limited. Analysts also highlight the significant increase in foreign exchange coverage, rising from US$3.21 billion in May to over US$11.24 billion, close to pre-election levels from October 2025.

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La Nación logoLa NaciónIndependent🔒Center4 hr. ago
Dollar deposits accelerated again and grew by about US$1 billion in July

The article reports that private dollar deposits in Argentina increased by US$940 million in July compared to June, reaching a total of US$35 billion for the year. This growth follows a pattern seen in December and January, with a 2.5% increase. The rise is attributed primarily to the additional income from bonuses, which many wage earners used to dollarize their savings. Officials note that while there has been a surge in demand for home banking, especially after the recent 5% appreciation of the official dollar, the sustained influx of 'hidden dollars' remains limited. Analysts also highlight the significant increase in foreign exchange coverage, rising from US$3.21 billion in May to over US$11.24 billion, close to pre-election levels from October 2025.

Bias read (Center): The article presents a balanced account of economic trends, citing data from the BCRA and quotes from multiple financial sector executives. It does not take a clear ideological stance but rather provides factual information on deposit movements and market behavior. While the topic is economically-ch

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