Argentina working with banks to expanding dollar lending

[MilHojas]

Argentina working with banks to expanding dollar lending

Argentina’s government is pushing banks to expand dollar lending to more sectors, wanting loans to companies and mortgages to be offered in US currency.

www.batimes.com.ar

The libertarian, who also promised to close Argentina’s central bank, has essentially left it Argentines to dollarise for him. The strategy, dubbed endogenous dollarisation, hinges on restricting the supply of pesos so that Argentines must use their dollar reserves to pay for everyday expenses.