Argentina’s Central Bank has said that banks will have to lower the amount of government paper they hold from 40% to 35% of assets by July of next year. The move is aimed at encouraging banks to increase their private loans portfolios. The increase in lending to the private sector and consumers will, in theory, help to stimulate economic growth.
Technorati Tags: Argentina's Central Bank, Private Loans, Economic Growth, Eduardo Bravo Losada, Bravo & Bravo Losada, IGAF, IGAFLA, Accountants, CPAs, Accounting Firms, Contadores Publicos
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