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Argentines Return Cash to Banks | Argentina News
Argentina’s President Javier Milei has pulled off a rare win: convincing citizens to return cash to banks after years of hoarding it at home. Peso and dollar deposits are surging—up 45% year-over-year and hitting highs since 2021—outpacing inflation. But the real challenge? Getting people to lock funds in for the long haul. With short-term deposits dominating, banks can’t lend enough to fuel economic growth or job creation. Despite improved trust in the banking system, lingering fears of inflation, currency collapse, and political instability—especially with elections looming—keep savers on…
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