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KM Financial Solutions | UPDATE 2-New Argentina reserve requirements boost peso, hurt bank stocks
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UPDATE 2-New Argentina reserve requirements boost peso, hurt bank stocks

17 Jun UPDATE 2-New Argentina reserve requirements boost peso, hurt bank stocks

Posted at 14:57h in News by
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BUENOS AIRES, June 18 (Reuters) – Argentina’s central bank
said on Monday it will hike reserve requirements for banks by 5
percentage points in a move expected to absorb 100 billion pesos
($3.63 billion) from the financial system after the latest run
on the currency.

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