Residents of Argentina withdraw their dollar savings from banks

According to data published by the Argentine Central Bank, about $ 205 million, representing about 2 percent of the total deposits of less than $ 1 million per deposit, were withdrawn within three days after the central bank’s decisions on September 15, which made obtaining the US dollar from the channels. Official is harder and more expensive.

And Bloomberg News reported that these figures illustrate the discontent felt by small savers who converted their savings from the Argentine peso to the dollar in anticipation of a further decline in the local currency.

Bloomberg added that it is still too early to know the direction of depositors decisively, but the data indicates that savers prefer to keep dollars in their hands rather than deposit them in bank accounts for fear of further restrictions in the future.

A central bank official, who declined to be named, said that the authorities are concerned about rumors that create a state of ambiguity among depositors, adding that all banking institutions operate normally while adhering to the rules of social distancing, while allowing deposit holders to withdraw them according to their wish.

–